All of the Following Are Included in the Top Five

question 137

Multiple Choice

All of the following are included in the top five nations the United States trades with EXCEPT _____.

• A) China
• B) Spain
• C) Mexico
• D) Canada

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Definitions:

Production Function

A production function describes the relationship between inputs utilized in production and the output generated from those inputs.

Returns To Scale

The rate at which production output increases as a result of a proportional increase in all inputs (labor, capital, etc.).

Input

The resources, materials, or energy used in the production process to generate output.

Factors Of Production

The inputs used in the creation of goods or services in order to make an economic profit, including land, labor, capital, and entrepreneurship.