As capital per worker rises, output per worker rises. However, this increase in output per worker is smaller at smaller levels of existing capital per worker

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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The efficient quantity of a public good is the quantity that has the highest possible marginal social benefit

Indicate whether the statement is true or false

Economics

The Lorenz curve demonstrates:

A. inequality visually; the more linear the curve, the more inequality exists. B. inequality visually; the more linear the curve, the less inequality exists. C. average income levels per quintile; the more linear the curve, the more inequality exists. D. average income levels per capita; the more linear the curve, the less inequality exists.

Economics