In the Short Run,the Law of Diminishing Returns

question 60

Multiple Choice

In the short run,the law of diminishing returns

• A)Occurs for only a few economies.
• B)Can be observed in every production process.
• C)Does not occur in command economies.
• D)Can be overcome by using more variable inputs.

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Definitions:

Social Stratification

The emergence of social classes, a series of ranked social categories according to characteristics such as wealth, occupation, or kin group.

Bugis

An ethnic group from the island of Sulawesi in Indonesia, known for their maritime culture and significant historical role in trade within Southeast Asia.

Sulawesi

An Indonesian island known for its varied geography, diverse cultures, and unique wildlife.

Ramadan

The ninth month of the Islamic calendar, observed by Muslims worldwide as a month of fasting, prayer, reflection, and community.