If Inputs into Production Cannot Be Substituted for Each Other

question 9

True/False

If inputs into production cannot be substituted for each other but have to be employed in fixed proportions isoquants are straight,downward-sloping lines.

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Definitions:

Meritocracy

A system of government or another organization wherein appointments and responsibilities are objectively assigned to individuals based upon their "merits", namely intelligence, credentials, and education, rather than on wealth, race, or social background.

Party Loyalty

The allegiance or fidelity of individuals to a particular political party, often reflected in consistent voting patterns.

Federal Government

The national government of the United States, composed of three branches (legislative, executive, and judicial), established by the Constitution.

Classless Society

A society in which no classes exist, and the social hierarchy is flattened such that all individuals have equal access to resources and opportunities.