Which of the following constitutes an input to the Cobb-Douglas production function?
A) capital
B) labor
C) total factor productivity
D) all of the above
E) none of the above
D
Economics
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A result of a positive externality in the production of a good is that
A) the price system will over-allocate resources to the production of that good or service. B) the price system will under-allocate resources to the production of that good or service. C) the market supply will be too high. D) the market demand will be too high.
Economics
Which of the following industries is most likely to exhibit the characteristic of free entry?
a. nuclear power b. municipal water and sewer c. dairy farming d. airport security
Economics