Diminishing returns occurs because:
A. not enough people have jobs.
B. one of the inputs in the production process is fixed.
C. consumers don't buy enough of the products produced.
D. two people have not satisfied their self-interests.
Answer: B
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The action of arbitrage is
A) the process of buying a currency cheap and selling it dear. B) the process of buying a currency dear and selling it cheap. C) the process of buying and selling currency at the same price. D) the process of selling currency at different prices in different markets. E) the process of buying a currency and holding onto it to take it off the market.
Automatic stabilizers drive changes in
a. the total deficit. b. the cyclical deficit. c. the structural deficit. d. monetary policy. e. both b and c.
Compared to the distribution of money income, the distribution of income that takes into consideration the effects of taxes and in-kind benefits
a. is less even b. is the same c. is more even d. is fairer e. is less fair
Which period of recent U.S. history shows the lowest rates of productivity growth?
a. 1948-1973 b. 1973-1995 c. 1995-2000 d. All periods had similar growth rates.