If the stock of physical capital (that is machinery, equipment, etc.) and human capital remains the same and the population increases, then
A) labor productivity will increase.
B) labor productivity will decrease.
C) real GDP decreases.
D) the new labor will be more productive.
E) the standard of living will increase.
B
Economics
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If the population increases, the market demand for most products will
A) not change. B) depend on supply. C) decrease. D) increase.
Economics
Farming in the New England colonies tended to be
(a) large scale. (b) worked by slaves. (c) small scale and worked by members of the family. (d) exported to England and its trading partners for high profits.
Economics