Assume that constant returns to scale exists and that N and K both increase by 2%. Given this information, we know that
A) output (Y) will increase by 4%.
B) Y will increase by 2%.
C) Y will increase by less than 2%.
D) Y will increase by less than 4% and more than 2%.
B
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If a French company exports $2 million of machinery to Italy and French tourists spend $2 million at Italian beaches, the Italian current account balance ________, and the Italian financial account balance ________
A) rises; rises B) rises; is unchanged C) is unchanged; is unchanged D) is unchanged; rises
Am M-form of an organization is one in which
a. Each division performs a single task b. Each division performs all the tasks necessary to serve a particular type of customer c. Each division performs all the tasks necessary to serve all the customers of a particular geographical area d. Both B&C