Which entity produces the greatest proportion of U.S.gross national product?
A) government
B) non-profit organizations such as hospitals
C) firms
D) universities
Correct Answer:
Verified
Q2: What do we mean by efficient production?
Q3: Efficient production occurs if a firm
A) cannot
Q4: In China,firms owned by the government are
Q5: In the long run,all factors of production
Q6: With respect to production,the short run is
Q7: An organization that converts inputs (like Labor,Capital
Q8: Technological efficiency is
A) a necessary and sufficient
Q9: Production functions only apply to advanced economies.
Q10: Which of the following statements best describes
Q11: Only corporations benefit from limited liability.
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