If technological change is "neutral," then
A) output per worker declines, output per unit of capital increases.
B) "effective labor input" increases, output per unit of capital declines.
C) output per worker increases, output per unit of capital is constant.
D) Both output per worker and output per unit of capital change.
D
You might also like to view...
As a perfectly competitive firm produces at the point where price equals marginal cost, it has no supply curve, only a supply point
a. True b. False Indicate whether the statement is true or false
Which of the following is not correct?
a. Deficits give people the opportunity to consume at the expense of their children, but deficits do not require them to do so. b. Deficits and surpluses could be used to avoid fluctuations in the tax rate. c. The only times deficits have increased have been during times of war or economic downturns. d. Reducing the budget deficit rather than funding more education spending could, all things considered, make future generations worse off.