Among Industrialized Countries,the Country with Both the Highest Life Expectancy

question 12

Multiple Choice

Among industrialized countries,the country with both the highest life expectancy and the lowest infant mortality rate is.

• A)Great Britain
• B)Germany
• C)Japan
• D)the United States

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Definitions:

Output

The amount of goods or services produced by a business, industry, or economy in a given period.

Production Isoquants

Curves that represent different combinations of inputs that produce the same level of output, illustrating the trade-offs in production processes.

Production Functions

Mathematical relations stipulating how output levels are achieved with different combinations of input factors such as labor and capital.

Input

Refers to the resources used in the production of goods and services, such as labor, raw materials, and capital.