5) Which technology is the most capital intensive? Inputs Required to Produce a

Question

5) Which technology is the most capital intensive? Inputs Required to Produce a Product Using Alternative Technologies Technology Units of Capital 12 16 24 Number of Employees 36 24 16 12 A) A ) C) c D) D 6) An oligopoly is an industry market structure with A) a single firm in which the entry of new firms is blocked. B) a small number of firms each large enough to impact the market price of its output. C) many firms each able to differentiate their product. D) many firms each too small to impact the market price. 7) When the government changes taxes and spending, it is implementing A) supply-side policy. B) fiscal policy C) incomes policy D) monetary policy 8) The equation for GDP using the expenditure approach is A)GDP _ + 1 + G + EX-IM. B) GDP-C+I+G+(UM-E C) GDP-C+I+G EX+IM D) GDP- C+I+G-EX-IM 9) A movement from Point A to Point B can be caused by Money A) a decrease in nominal income. B) an increase in the price level. C) a decrease in the interest rate. D) an increase in the interest rate. Special Assessment

Explanation / Answer

5) Option D) as the technology uses 2 units of capital for each unit of labor when compared to others.
6) Option B)
7) Option B). Using fiscal policies government alters taxations and spending
8) Option A). GDP = consumption+Investment+Government spending+(Exports-Imports)
9)Option C)

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