human capital knowledge experience 33. U.S. farms today output usingland as they

Question

human capital knowledge experience 33. U.S. farms today output usingland as they did in 1950. more; less O about the same; less more; about the same amount of about the same; about the same amount of 34. Institutions: Oare the advantages of large-scale production that reduce average cost as quantity increases. are the rules of the game that structure economic incentives. O are the framework that allows the government to control the economy. do not vary much from country to country. 5. Corruption causes investment in physical capital to: increase. decrease. remain unchanged. become impossible. Remaining: 13:50:00 Start: 9:39 PM ? 96

Explanation / Answer

1) Solution: more, less

Explanation: U.S. can produce more commodities with fewer people and less land

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2) Solution: are the rule of game that structure economic incentives

Explanation: Institutions is the "rules of the game" which structure economic incentives.

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3) Solution: decrease

Explanation: Corruption hinders growth by decreasing investment in physical capital

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