The law of diminishing marginal productivity holds:
A. in the long run.
B. when all inputs are fixed.
C. when all inputs are variable.
D. in the short run.
Answer: D
You might also like to view...
Overall, what type of economy are we in today?
A. Creative B. Agricultural C. None of the options listed. D. Knowledge E. Industrial
The expenditure multiplier arises because one person's additional expenditure becomes another person's additional income that will generate additionalÂ
A. cyclical unemployment. B. menu costs. C. expenditure. D. investment demand.
A line item budget _____
a. groups expenditures by congressional district b. groups expenditures by the goals they are trying to achieve c. groups expenditures by the types of items that are purchased d. groups expenditures by special interest
Which of the following could trigger demand-side inflation?
a. a decrease in the money supply b. an increase in taxes c. an increase in government spending d. an increase in interest rates