L-shaped isoquants imply that production requires that the inputs
A) are perfect substitutes.
B) are imperfect substitutes.
C) cannot be used together.
D) must be used together in a certain proportion.
D
Economics
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Which of the following is included in both the balance of trade and the balance of payments?
A) exports B) earnings on domestic assets owned by foreign residents C) international capital movements D) earnings by domestic residents on assets located abroad
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Clipper ships
a. allowed for profitable shipping on both short and long journeys. b. dominated Atlantic trade by 1850. c. were among the first ships to have iron hulls. d. earned huge profits transporting passengers and cargo during the gold rushes to California and Australia. e. All of the above.
Economics