Useful General Equilibrium Results Can Be Obtained from Models with ________

question 37

Multiple Choice

Useful general equilibrium results can be obtained from models with ________ commodities, factors of production and no savings.

• A)1, 1
• B)2, 2
• C)0, 2
• D)2, 0

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Definitions:

Herbaceous Stems

Stems that are soft, green, and flexible, typically found in plants that do not produce wood and die back at the end of the growing season.

Epidermis

The outermost layer of cells covering an organism, particularly in plants where it forms a protective barrier against environmental damage.

Endodermis

The innermost layer of the plant root cortex. Endodermal cells have a waterproof Casparian strip around their radial and transverse walls that ensures that water and minerals enter the xylem only by passing through the endoderm cells.

Cortical Parenchyma

Plant tissue found in the cortex of stems and roots that is involved in storage, photosynthesis, and transport of nutrients.