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1. A country is said to have experienced economic growth if its total _________________ has increased over time. employment income population Any of the above.
1. A country is said to have experienced economic growth if its total _________________ has increased over time.
employment
income
population
Any of the above.
2. "The amount of additional output produced when the quantity of an input is increased by one unit, holding the quantities of all other inputs fixed." This is a statement of
The Law of Decreasing Marginal Products.
The Law of Cooperating Factors.
the definition of a production function.
the definition of the marginal product of an input.
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