Answer: The correct answer is : zero ; the rate of technological progress
Explanation: In the Solow growth model with population growth and technological change, the steady-state growth rate of income per person depends on the rate of technological progress. According to the Solow model, persistently rising living standards can only be explained by technological progress.
The answer would be Situational Leadership in which the followers maturity increase and thus the behavior of the leader would be less structured thus would require less socio emotional support. The Situational Leadership model is produced by Paul Hersey as well as Ken Blanchard also.
Since Galaxia economy is 10 times larger than myopia‘s, it is fair to assume that the capital stock in Galaxia is larger than in myopia. Given the law of diminishing marginal returns - the notion is that as additional capital is used to produce a good, the increments to output decrease - the marginal return to capital in Galaxia is not greater than myopia.
Therefore the answer is d) Myopia
Hello!!!!
The factors production include the number of : Employees needed to manufacture a good
The factors of production refer to all of the resources that is needed in order to do a production activity, including :- Human labor- Natural Resources- Capital Resources- Managerial resources
Hope this helps!
