Answer:
Oil, coal, natural gas, metals, stone and sand are natural resources used a lot.
Explanation:
Theyre stuff we humans use
Answer:
The correct answer is C) exhibits constant returns to scale
Explanation:
The Cobb-Douglas production function is as follows:
F(K,L) = A× Kα × Lα-1
Where:
- A = Total factor productivy
- K = Capital
- α = Capital share's of income
- L = Labor
This function states that income is divided among the owner's of capital and labor (workers) in similar proportions across time. Like the fundamental production function F(K,L) = K × L it has constant returns to scale.
The property of constant returns to scale establishes that if the factors or production, capital and labor, are increased by a determined proportion, output will increase by the same proportion.
Answer:
They believed in limited government as a principle
Explanation:
The explanation behind this is that some of the people who opposed this thought that the <u>New deal</u> gave the government an abundant amount of power, was taking away plentiful amounts individual rights and freedoms, and that they were much involved in telling businesses what to do and how they want them to operate it. Hope this answers your question!
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