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Ecn 104 quiz 2 - Study guides, Class notes & Summaries

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ECN 104 QUIZ 2 QUESTIONS WITH 100% CORRECT ANSWERS 2024 LATEST UPDATE

  • ECN 104 QUIZ 2 QUESTIONS WITH 100% CORRECT ANSWERS 2024 LATEST UPDATE

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    • ECN 104 QUIZ 2 QUESTIONS WITH 100% CORRECT ANSWERS 2024 LATEST UPDATE How has productivity growth changed? - Answer- 1. Technological advance 2. Capital each worker has to work with 3. Education and training 4. Economies of scale 5. Resource allocation Technological advance - Answer- Discovery of new knowledge that allows for resources to be combined in new ways and increase output Quantity of Capital per Worker - Answer- - more and better plant equipment - increased quantity per wo...
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