peralta.instructure.com Physical capital differences across countries can be see

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peralta.instructure.com Physical capital differences across countries can be seen. Ethics And Corporate Social Re 78-F18 >> Quiz-chp.2 Quiz - chp. 2 Economics 1-Fal 12018-COA,#41078 Quiz: Quiz - chp. 2 This Question: 1 pt 7 of 20 (6 complete Physical capital differences across countries can be seen in the fact that A. advanced economies produce 53 percent of the world's income. O B. the iPhone's components are produced in 30 countries. O C. more advanced economies typically have more sophisticated technology D. students in India study the same subjects as those in the United States. E. furniture factories in China use machines like those in North Carolina. Click to select your answer 9

Explanation / Answer

Physical capital differences across countries can be seen in the fact that more advanced economies typically have more sophisticated technology.

Production function mainly tell us the four things:

Workforce size, physical capital amount, human capital amount and technology. If we have these four then the output produced will be much higher.

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