Which of the following will decrease an economy's capital-labor ratio?
a. improvements in technology
b. decrease in the quantity of laborers
c. increase in prices
d. decrease in consumption
e. decrease in the capital stock
E
Economics
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Refer to the figure above. In autarky, the economy would be in general equilibrium at point
A) I. B) D. C) E. D) F.
Economics
The fraction of an increase in income that is saved is referred to as the _____
a. marginal propensity to save b. average propensity to save c. marginal propensity to consume d. average propensity to consume e. saving-consumption ratio
Economics