In the production function Y = A(G,P,T) F(K,R,H,N), the factors that affect the entire production process are
A) G,R,H.
B) G,P,T.
C) P,T,K.
D) KRHN.
B
Economics
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Which of the following is likely to cause a decrease in labor productivity?
a. An increase in student achievement scores b. A service sector that is growing slower than the growth rate of GDP c. An increased spending on research and development d. A decrease in capital formation e. A low federal budget deficit
Economics
Since 1990, the average number of hours worked per year has
A. Increased. B. Stayed about the same. C. Decreased.
Economics