As the amount of capital to laborers increases, labor productivity diminishes.
Answer the following statement true (T) or false (F)
False
Economics
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Refer to the table above. This is an example of a ________ tax system
A) progressive B) regressive C) proportional D) cardinal
Economics
In the short run, a firm that is incurring losses would always be better off if it keeps producing.
Answer the following statement true (T) or false (F)
Economics
What is the major argument in the case for income equality?
What will be an ideal response?
Economics
Suppose the demand for good X, an agricultural product, is price-inelastic. This means that small variations in the quantity of X produced will be associated with large variations in the:
A. Price of good X B. Incomes of consumers of good X C. Cost of producing good X D. Quantity of good X exchanged
Economics