The table below shows four alternative techniques for assembling a car. The cost of labor is $20 per hour, and the cost of capital is $10 per hour. Which of the four techniques for assembling a car is not technologically efficient?

A) T-1
B) T-2
C) T-3
D) T-4

B

Economics

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Since 1900, real GDP in the United States has grown

A) more rapidly than the population. B) as rapidly as the population. C) more slowly than the population. D) in a random unpredictable manner relative to the population.

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The key determinant of net capital outflow is the real interest rate

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

Economics