Which of the Following Was Not a Campaign Promise of Peruvian

question 58

Multiple Choice

Which of the following was not a campaign promise of Peruvian President Alejandro Toledo?

• A) Abolition of state corruption.
• B) Reduction of unemployment and poverty.
• C) Creation of high protective tariffs to promote domestic economic prosperity.
• D) Preservation of state ownership of the public utilities industry.

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Definitions:

Fixed-Proportion

A production situation where input factors must be combined in rigidly specified quantities, without the flexibility to substitute one input for another.

Production Function

A mathematical representation that shows the relationship between input factors and the output of a product or service.

Production Process

The series of steps and activities involved in transforming raw materials into finished goods or services.

MRTS

The Marginal Rate of Technical Substitution; the rate at which a firm can substitute one input for another while keeping the level of output constant.