"When Workers Have a Relatively Small Quantity of Capital to Use

question 128

Multiple Choice

"When workers have a relatively small quantity of capital to use in producing goods and services,giving them an additional unit of capital increases their productivity by a relatively large amount." This statement

• A)is an assertion that production functions have the property of constant returns to scale.
• B)is consistent with the view that capital is subject to diminishing returns.
• C)is inconsistent with the view that it is easier for a country to grow fast if it starts out relatively poor.
• D)All of the above are correct.

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Definitions:

Alternative Dispute Resolution

A range of processes and techniques for resolving disputes outside the traditional judicial process, including mediation and arbitration.

Paralegal

A person trained in legal matters who assists lawyers in their work but is not a qualified attorney.

Mediator

A neutral third party who assists disputing parties in resolving conflicts through communication and negotiation techniques, without providing legal judgment.

Collaborative Law

A legal process enabling couples who have decided to separate or end their marriage to work with their lawyers and, on occasion, other family professionals to avoid the uncertain outcome of court and to achieve a settlement that best meets the specific needs of both parties and their children without the underlying threat of litigation.