Consider the following diagram, which includes a concave line of best fit: 40,000 US 35,000 -Belgium Switzerland * 30,000 UK. 25,000- Japan 20,000 . Taiwan 15,000 E 10,000 Ecuador 5,000 10,000 20.000 30,000 40,000 50,000 60,000 70,000 80,000 Which of the following statements is correct? Select one: a. The line of best fit suggests that if capital intensity doubles, output per person doubles. O b. The line of best fit implies that there are diminishing returns to scale. O c. The line of best fit suggests that the USA may have a higher value of "z" than Japan. O d. Workers in Japan were more productive than in the UK because they had higher capital per worker.
Consider the following diagram, which includes a concave line of best fit: 40,000 US 35,000 -Belgium Switzerland * 30,000 UK. 25,000- Japan 20,000 . Taiwan 15,000 E 10,000 Ecuador 5,000 10,000 20.000 30,000 40,000 50,000 60,000 70,000 80,000 Which of the following statements is correct? Select one: a. The line of best fit suggests that if capital intensity doubles, output per person doubles. O b. The line of best fit implies that there are diminishing returns to scale. O c. The line of best fit suggests that the USA may have a higher value of "z" than Japan. O d. Workers in Japan were more productive than in the UK because they had higher capital per worker.
Chapter9: Sequences, Probability And Counting Theory
Section9.5: Counting Principles
Problem 5SE: Answer the following questions. 5. What is the term for the arrangement that selects r objects from...
Related questions
Question
Transcribed Image Text:Consider the following diagram, which includes a concave line of best fit:
40,000-
•US
35,000-
•Belgium
Switzerland
30,000-
•UK
25,000-
Japan
20,000
•Taiwan
15,000 -
10,000-
•Ecuador
5,000 -
slndia
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
Which of the following statements is correct?
Select one:
O a.
The line of best fit suggests that if capital intensity doubles, output per person doubles.
O b. The line of best fit implies that there are diminishing returns to scale.
O c.
The line of best fit suggests that the USA may have a higher value of "z" than Japan.
O d. Workers in Japan were more productive than in the UK because they had higher capital per worker.
GDP per worker (1985 PPP S)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,
Elementary Geometry for College Students
Geometry
ISBN:
9781285195698
Author:
Daniel C. Alexander, Geralyn M. Koeberlein
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning