Diminishing Returns to Labor Exists

question 14

Multiple Choice

Diminishing returns to labor exists

• A)in any economy.
• B)only in an economy where most of the output comes from the agricultural sector.
• C)only in an economy with no technological growth.
• D)only in a pre-Industrial Revolution economy.
• E)only in an economy with no capital and technology.

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Definitions:

Reaction

A process leading to the transformation of one set of chemical substances to another.

Acetophenone

An aromatic ketone with the simplest structure, used as a building block in organic synthesis and as a fragrance in the perfume industry.

Benzene

A ring-shaped hydrocarbon known for its stability and aromaticity, widely used as a precursor in the manufacture of various chemicals.

Synthesis

The process of combining simpler substances chemically to form more complex substances, often used in the context of producing new chemicals or materials.