Potential Output Depends on All of the Following Except One

question 12

Multiple Choice

Potential output depends on all of the following except one.Which is the exception?

• A)The supply of labor
• B)Labor productivity
• C)Household choices regarding labor and leisure
• D)The technology in current use
• E)The number of consumers in the market

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Definitions:

Variables

Elements, factors, or characteristics that can vary within a study or experiment, potentially influencing the outcomes.

Concept

An abstract idea or a general notion that represents something in thought or understanding.

Phenomena

Observable events or facts that are subject to scientific analysis.

Kerlinger and Lee

Authors known for their contributions to the fields of social sciences research methodology and behavioral studies.