Inputs to production do NOT include
A. land.
B. business know-how.
C. labor.
D. average product.
Answer: D
Economics
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Why does inflation make nominal GDP a poor measure of the increase in total production from one year to the next?
What will be an ideal response?
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The graph above shows supply and demand in the domestic market without trade. Consumer surplus without trade is represented by area
A) P1-E-Po B) P1-E-0 C) Po-E-0 D) P1-E-Qo
Economics