中国大学MOOC: Use the neoclassical theory of distribution, A technological advance improves the Production function. then, the real wage and the real rental price both increase.
举一反三
- Use the neoclassical theory of distribution, A technological advance improves the Production function. then, the real wage and the real rental price both increase. A: 正确 B: 错误
- According to the neoclassical theory of distribution， in an economy described by a Cobb-douglas production function， workers should experience high rates of real wage growth when：（ ） A: real interest rates are low. B: real interest rates are high. C: average labor productivity is growing rapidly. D: capital's share of income is growing rapidly.
- An increase in the population and hence the supply of labor causes a A: shortage of labor at the original real wage rate and the real wage rate will fall. B: surplus of labor at the original real wage rate and the real wage rate will rise. C: surplus of labor at the original real wage rate and the real wage rate will fall. D: shortage of labor at the original real wage rate and the real wage rate will rise.
- An advance in technology will A: not shift the production function but will lead to a movement down along the production function. B: shift the production function downward. C: not shift the production function but will lead to a movement up along the production function. D: shift the production function upward.
- Because the productivity of labor decreases as the quantity of labor employed increases, A: the quantity of labor a firm demands increases as the real wage rate decreases. B: the quantity of labor a firm demands increases as the money wage rate decreases. C: the labor demand curve shifts right as the real wage rate decreases. D: the aggregate production function shifts upward as the real wage rate decreases.