Examlex
Suppose the production function for a certain device is q = L + 2K.If a neutral technical change has occurred,which of the following could be the new production function?
Most Favored Nation Principle
A principle that states that the World Trade Organization nations must apply the same privileges, advantages, and benefits to all other member nations in relation to similar imports.
World Trade Organization
An international organization designed to supervise and liberalize international trade by facilitating trade negotiations and resolving disputes among its members.
Honorable Surrender
The act of yielding or giving up rights, possessions, or position in a dignified manner rather than through coercion.
U.N. Convention
An international agreement formed under the auspices of the United Nations, addressing global issues and governing international law.
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