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...
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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)
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