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Multiple Choices
(17828) If an economy with constant returns to scale were to double its physical capital stock, its available natural resources, and its human capital, but leave the size of the labor force the same,
(Choose 1 answer)
A. (i) its output would stay the same and so would its labor productivity.
B. (ii) its output and labor productivity would increase, but less than double.
C. (iii) its output and labor productivity would increase by more than double.
D. None of (i), (ii), and (iii) is correct.
