Which of the Following Is a Long-Run Concept

question 22

Multiple Choice

Which of the following is a long-run concept?

• A)Diminishing marginal productivity.
• B)Diminishing returns.
• C)Diseconomies of scale.

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Definitions:

Non-normative Transitions

Life events that occur unexpectedly or unconventionally, challenging standard developmental paths.

Birth of a Baby

The event of a child being born into the world, marking the start of a new life.

Death

The cessation of all biological functions that sustain a living organism.

Prolonged Illness

A health condition that persists for an extended period of time, often requiring ongoing medical attention or therapy.