The Golden Rule Quantity of capital per worker maximizes the steady-state level of

Select one:

A.investment per worker.

B.savings per worker.

C.consumption per worker.

D.output per worker.

E.capital per worker.

When consumption and leisure are both normal goods, an increase in real dividend income minus taxation, the rational consumer

Select one:

A.increases consumption and increases labour supply.

B.reduces consumption and reduces labour supply.

C.reduces consumption and increases labour supply.

D.increases consumption and reduces labour supply.

E.increases consumption and savings.

The rate at which one good can be converted technologically into another is called

Select one:

A.the marginal rate of transformation.

B.the marginal product of capital.

C.the marginal product of labour.

D.the marginal rate of substitution.

E.rate of conversion.