It takes 12 units of resources to produce 100 pounds of silk. It takes 13 units to produce 115 pounds of silk and 15 units to produce120 pounds of silk. This is an example of ______ returns to specialization.
Fill in the blank(s) with the appropriate word(s).
diminishing
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The principal is distinct from the agent in the principal-agent model because
a. the principal offers the contract to the agent. b. the principal is fully informed. c. both a and b. d. neither a nor b.
In recent years, which of the following has been negative?
A) net exports of goods and services B) investment C) wages D) government expenditure on goods and services E) consumption expenditure
What are the differences between national income, personal income, and disposable personal income?
What will be an ideal response?
The cost of the resources used by domestic producer groups including the lobbying fees, propaganda, and legal restrictions, is collectively referred to as the cost of:
a. enforcement and implementation. b. rent seeking. c. retaliation. d. collective action.