Which is true?

A. Production functions consider only the value added part of a particular production process.
B. Production functions count raw materials, but not labor, as inputs into the production process.
C. Production functions do not count technology into the production process.
D. Production functions are as subjective as utility functions.


Answer: A

Economics

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Falling inequality has been a feature of the HPAE due to land reform, free public education, free basic health care, and significant investments in infrastructure for communication, sanitation, and transportation

Indicate whether the statement is true or false

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Which of the followings does NOT describe the money market in the ISLM model?

A) money demand function B) investment function C) money market equilibrium condition D) money supply

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Health care improvements often don't happen because:

A. they are too expensive to implement. B. doctors overprescribe and drive the cost of health care too high. C. health care facilities don't exist in some parts of the world. D. they are too expensive to have any significant impact.

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