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What economic concept would be most closely associated with a situation where an aluminum plant expands its operations and us
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valable until you sign in The annual growth of U.S. Iabor productivity Multiple Choice was greater between 1995 and 2010 than
available until you dig in The pattern of productivity growth in the U.S. in the period 2010-2015, when compared to previous
In the U.S. economic-growth experience, Multiple Choice the amount of capital available per worker has been relatively consta
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Answer #1

1. Economies of scale is most closely associated with the given situation. Hence,option(D) is correct.

2. In the period following the Great Recession,the creation of new internet apps has had little measured effect on GDP or productivity but may create a lot of consumer surplus. Hence,option(A) is correct.

3. The annual growth of U.S labor productivity was greater between 1995 and 2010 than between 1973 and 1995. Hence,option(A) is correct.

4. The pattern of productivity growth in the U.S in the period 2010-2015 , when compared to previous periods suggests that businesses are slowing down in their implementation of new productive technologies. Hence,option(C) is correct.

5. In the US economic growth experience most capital is complementary to labor.Hence, option(D) is correct.

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