Answer True/False/Uncertain and explain your answer. Credit is given to the explanation, not to the short...

  

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Answer True/False/Uncertain and explain your answer. Credit is given to the explanation, not to the short T/F/U answer. "Uncertain" means "It depends", and you should explain what your answer depends upon. Each correctly answered question gives the points noted in brackets, and partial credit where appropriate. a) (5) The observed differences in output per person between the US and Ethiopia can be explained by differences in the level of capital per person between the two countries. b) (5) A firm that produces ice cream according to the following production function: Answer True/False/Uncertain and explain your answer. Credit is given to the explanation, not to the short T/F/U answer. "Uncertain" means "It depends", and you should explain what your answer depends upon. Each correctly answered question gives the points noted in brackets, and partial credit where appropriate. a) (5) The observed differences in output per person between the US and Ethiopia can be explained by differences in the level of capital per person between the two countries. b) (5) A firm that produces ice cream according to the following production function:

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a True The observed differences in output per person between the US and Ethiopia can be explained by differences in the level of capital per person between the two countries The level of capital per p... View the full answer