(Solved): Question 1: Choose one option Question 2: Choose one option When production is said to be char ...

Question 1: Choose one option

Question 2: Choose one option

When production is said to be characterized by diminishing marginal productivity: unskilled workers are less productive than skilled workers. output must increase with each additional unit of the input used in production. increasing the amount of one input used means more of another input must be used. adding additional inputs may still cause output to increase. Suppose that in order to determine how non-labor income affects labor supply, you give everyone born on an even-numbered day in August $$1979\$1,000$$ per year and look at how they change their labor supply compared to people born on odd-numbered days in August 1979. This approach is which of the following? time series analysis cross-sectional regression analysis a randomized trial a quasi-experiment