If a production function exhibits constant returns to scale ?

Related Mcqs:

Which of the following statements is true ?

A. Countries all have the same growth rate and level of output because any country can obtain the same factors of production B. Countries have great variance in both the level and growth rate of GDP/person thus poor countries can become relatively rich over time C. Countries may have different level of GDP/person but they … Which of the following statements is true ?Read More...

Which of the following is an example of foreign portfolio investment ?

A. Toyota builds a new plant in the north of England B. EDF of France buys shares in Scottish & Southern Energy of the UK, and Scottish & Southern Energy uses the Proceeds to build a new hydro-electric power station in Scotland C. Deutsche Bank of Germany buys some new software from UK Supplier D. … Which of the following is an example of foreign portfolio investment ?Read More...

If Toyota builds a new plant in the north of England ?

A. None of these answers B. There has been an increase in foreign portfolio investment in the UK C. Once the plant starts producing cars UK GDP will rise less than UK GNP D. once the plant starts producing cars UK GDP will rise more than UK GNP...

To increase growth, governments should do all of the following except ?

A. encourage foreigners to investment in your country B. encourage saving and investment C. nationalize major industries D. encourage research and development E. Promote free trade...

Many East Asian countries are growing very quickly because ?

A. They save and invest an unusually high percentage of their GDP B. They have always been wealthy and will continue to be wealthy, which is known as the “snowball effect” C. They are imperialists and have collected wealth from previous victories in war D. They have enormous natural resources....