Econ 102 quiz 5 (Econ_102)
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Econ 102 quiz 5
- Exam (elaborations) • 5 pages • 2021
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Econ 102 quiz 5. Technological progress occurs when the economy gets more output
A. without any more capital or labor.
B. by using more capital per worker.
C. by using more capital but not more workers.
D. by using more labor but not more capital.
Answer Key: A
Question 2 of 10 10.0/ 10.0 Points
If a firm increases its use of capital while holding constant the number of workers employed, the firm
is said to experience
A. capital augmentation.
B. investment deepening.
C. labo...
Exam (elaborations)
Econ 102 quiz 5
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Econ 102 quiz 5. Technological progress occurs when the economy gets more output A. without any more capital or labor. B. by using more capital per worker. C. by using more capital but not more workers. D. by using more labor but not more capital. Answer Key: A Question 2 of 10 10.0/ 10.0 Points If a firm increases its use of capital while holding constant the number of workers employed, the firm is said to experience A. capital augmentation. B. investment deepening. C. labo...
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