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The Simplified Production Function Y = F(k, H, N) Indicates

Question 62

Multiple Choice

The simplified production function y = f(k, h, n) indicates that output:


A) depends on crafts and skills, human effort, and national boundaries.
B) is determined by technology, health, and natural resources.
C) at a given level of technology is determined by capital stock, health, and national boundaries.
D) at a given level of technology is determined by the stocks of physical capital, human capital, and natural resources.

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