Assignment
This assessment is based off of the two Economic Laws of Equity, Efficiency and how they apply to the Aggregate Production function. Here is the essay you must answer for this quiz:
1. Define and explain what Aggregate
Production Function is.
2. What does it include?
3. Describe each of the factors and what impact it specifically has on productivity.
4. How do each of the factors interact with each other?
5. What countries would relate to the following examples: LDC (Less Developed Countries); NI (Newly Industrialized); and D (Developed)?
Each question should be answered in the form of a paragraph with a minimum of 5 sentences. This essay should be a minimum of 5 paragraphs
long.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.