Populations tend to grow over time
Course:- Microeconomics
Reference No.:- EM13700137

Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Microeconomics

Populations tend to grow over time, meaning there are more workers. In order to maintain a constant level of worker productivity, the total amount of capital available to them must:

a. increase at a rate at least equal to population growth.

b. decrease slightly, as this will motivate employees to work harder.

c. increase at a rate less than the rate of population growth.

d. increase at a rate equal to the rate of inflation.

e. stay constant over time, as inflation and population growth tend to cancel each other out.

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Microeconomics) Materials
Consider a market characterized by the following demand and supply conditions: PX = 15 - 2QX and PX = 3 + 2QX. The equilibrium price and quantity are, respectively, a $3 an
Suppose that on January 1, 2011, a household had $3 00,000, which it wanted to hold for use one year later. Calculate, by using resources available online or in the university
In Cavel International, Inc. v. Madigan, when Illinois passed the statute barring the slaughter of horses primarily for human consumption, Cavel presented each of the followin
Your co-workers are upset that the current theme in the organization is cost containment and they see that money is being spent on remodelling the emergency department, which
Why is an attitude standard an important tool for supervisors to use and include in employee orientations and performance appraisals 600word?List and explain five guiding p
Why do you consider Perfect Competition and Monopoly and how do you characterize monopolistic competition as a market structure? What is your understanding of product differe
A contractor estimates maintenance costs for a new backhoe to be $275 for the first month with a monthly increase of 0.5%. The contractor can buy a 4 year maintenance contract
Identify as the need for organisations to develop their services offerings and discuss how organisations design and build services to attract new and existing customers to buy