Questions
BU.220.610.51.FA25 M2 Practice Quiz
Single choice
An economy's factors of production and its production function determine the economy's:
Options
A.labor force participation rate.
B.budget surplus or deficit.
C.population growth rate.
D.output of goods and services.
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Step-by-Step Analysis
The question asks about what an economy's factors of production and its production function determine.
Option 1: 'labor force participation rate.' While the labor force participation rate is related to labor input in an economy, it is not determined by the fundamental factors......Login to view full explanationLog in for full answers
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