Which of the following factors of production is least likely to show diminishing marginal product?
A) Capital B) Labor C) Technology D) Land
C
You might also like to view...
In recent decades the United States has incurred overall balance of payments deficits
Indicate whether the statement is true or false
The difference between the interest rate on loans to households and firms and the interest rate on completely safe assets is known as ________
A) the fed funds rate B) the discount rate C) asymmetric information D) the credit spread
In which of the following tax systems do taxes increase as income increases?
a. both proportional and progressive b. proportional but not progressive c. progressive but not proportional d. neither proportional nor progressive
A compensating differential refers to differences in pay due to
a. productivity levels of workers. b. signaling differences of workers. c. nonmonetary characteristics of jobs. d. All of the above are correct.