In the production function,output is given by
A) consumption and taxes.
B) consumption and government spending.
C) capital stock and employment.
D) capital stock and leisure.
E) production technology and the capital stock.
Correct Answer:
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Q1: The production possibilities frontier in the one-period
Q2: An example of a public good is
A)
Q4: An economy that engages in international trade
Q5: In the one-period competitive model we have
Q6: Points on the production possibilities frontier have
Q7: A competitive equilibrium is a state of
Q8: In a one-period model,government is likely to
Q9: An economy that has no interaction with
Q10: In an economic model,an exogenous variable is
A)
Q11: A relationship that shows the technological possibilities
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