Assume the production function takes the general form (as in lecture notes) Y = z xF(K,L,A) where all marginal products are positive. Which of the following statements are correct? Select one or more: O a. If A is fixed, then population growth acts as a drag on growth. O b. If A is fixed, then population growth acts as a drag on growth, and so Malthus was corect that population growth will always reverse the impact of technological improvements. O. Both rises in z and rises in K/L (capital intensity) will boost output per worker. O d. Growth in output per worker can occur due to rises in z (technology) or rises in K/L (capital intensity), or both.

Assume the production function takes the general form (as in lecture notes) Y = z xF(K,L,A) where all marginal products are positive. Which of the following statements are correct? Select one or more: O a. If A is fixed, then population growth acts as a drag on growth. O b. If A is fixed, then population growth acts as a drag on growth, and so Malthus was corect that population growth will always reverse the impact of technological improvements. O. Both rises in z and rises in K/L (capital intensity) will boost output per worker. O d. Growth in output per worker can occur due to rises in z (technology) or rises in K/L (capital intensity), or both.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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