10 pts Answer the following questions: 4.1 Apart from labour and capital, what are the three other main factors of production in an economy? [1.5 marks] 4.2 Discuss three ways government policy can be used to increase productivity and living standards. For each policy, explain which factor of production it improves. [3 marks] For the next questions, assume an economy has a production function Y = AK0.25 10.75 where K is the capital stock, _ is the labour stock and A is all other factors of production. 4.3 Does this economy experience increasing, decreasing, or constant returns to scale? Explain your answer. [1.5 marks] 4.4 Suppose there is an increase in migration. Do you expect average productivity to increase, decrease or stay the same. Explain why. [2 marks] 4.5 Now suppose that a technology shock alters the production function so that it is now Y - AK-_- Would you expect production to become relatively more or less capital intensive after this change? Explain why. [2 marks] Clearly label each of your answers in the text box below