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

Assignment Help
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
Assume the absolute value of the price elasticity of demand for Nike shoes is 1.5. If the company decreases the price of each pair of shoes, total revenue will:A. Increase bec
In a meeting about whether to store inventory in a company-owned warehouse or rent a warehouse, a colleague says, "We should use our own warehouse and save the cost of re
Consider a monopoly firm with the demand and cost curves below. Suppose that the firm is operating in the short run with the plant designed to produce 400 units of output opti
With two goods, X and Y, what is the utility-maximizing formula - what, in words, is the profit-maximization rule and write down an explanation of the meaning of MC
Are any employees of your company represented by labor unions or covered by collective bargaining agreements? Are any of these employees working outside of the United States?
John Doe's preferences reveal that good X and good Y are perfect substitutes. John also always maximizes his utility given his income. Holding everything else constant, what
Who has a comparitive advantage in jigsaw puzzles? If Tom and Tessa specialize in producing the good in which they enjoy a comparative advantage, what are the quantities of
Beachfront resorts have an inelastic supply, and automobiles have an elastic supply. Suppose that a rise in population doubles the demand for both products (that is, the quant