If an Increase in the Use of One Factor of Production

question 7

Multiple Choice

If an increase in the use of one factor of production lowers the demand for the other, the two factors are:

• A) normal factors of production.
• B) substitute factors of production.
• C) inferior factors of production.
• D) complementary factors of production.

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Definitions:

Temperament

The inherent part of an individual's personality, including mood, behavior tendencies, and emotional responses, that is evident from a young age.

Behavioral Style

Refers to the characteristic manner in which an individual acts, behaves, or responds in various situations.

Empirically Derived

Developed or derived from observational and experimental data rather than theory or pure logic.

Discriminate Between Groups

The act of making distinctions or differentiating between different groups based on characteristics such as race, gender, or other criteria.