Technological change in modern societies is most likely the result of increases in
a. machine building.
b. more natural resource use.
c. education.
d. the labor force.
c
Economics
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Which of the following statements is true?
A) Comparative statics is a tool that can be used in both optimization in levels and optimization in differences. B) Marginal analysis is a key tool used while optimizing in levels. C) Comparative statics involves calculating the incremental cost of moving from one alternative to the next best alternative. D) Marginal analysis is the comparison of economic outcomes before and after some economic variable is changed.
Economics
The formula for the growth rate of multifactor productivity is
A) a = y + bk + (1 - b)n. B) y = a + bk + bn. C) a = y - bk - (1 - b)n. D) y = a - b/k(1 - b)n.
Economics