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The Assumption That States That, If an Input Combination Y

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The assumption that states that, if an input combination y is a feasible input combination, then so is λy where 0 ≤λ≤ 1 is known as theλ


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Labor Force

The total number of people who are available to work, including both employed and unemployed individuals actively seeking employment.

Developed Countries

Nations with generally advanced technological infrastructure, high levels of income, and comprehensive social support systems.

Extreme Hunger

Severe deficiency in caloric intake or the extreme lack of food leading to acute malnutrition.

United Nations

An international organization founded in 1945 to promote peace, security, and cooperation among countries worldwide.

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