Question

if an outflow of workers leaves a country with a smaller but more productive workforce and the capital per hour worked does not change, there will be ________ the per-worker production function in that country.

A) a flattening out of

B) a movement up

C) a downward shift of

D) an upward shift of

E) a movement down

43) Knowledge capital is ________ in production and ________. As a result, firms ________ free ride.

A) nonrival; nonexcludable; can

B) nonrival; excludable; can

C) rival; excludable; cannot

D) rival; nonexcludable; cannot

E) nonrival; nonexcludable; cannot

44) New growth theory states that increases in ________ capital will result in ________ at the ________ level.

A) physical; decreasing returns to scale; firm

B) knowledge; increasing returns to scale; economy

C) knowledge; increasing returns to scale; firm

D) knowledge; decreasing returns to scale; economy

E) financial; constant returns to scale; economy

Answer 1

Answer42

D) an upward shift of

Since the capital per hour worked does not change there won't be decrease in per-worker production , therefore there would be an upward shift .

Answer 43

A) nonrival; nonexcludable; can

Knowledge capital, likewise called scholarly capital, is the elusive resource that speaks to significant thoughts, strategies, forms and other natural gifts that have a place with an organization.

Answer 44

B) knowledge; increasing returns to scale; economy

The new growth theory is a financial growth theory that sets people's wants and boundless needs encourage consistently expanding profitability and monetary growth. The new growth theory contends that genuine GDP per individual will unendingly expand as a result of individuals' quest for benefits.