Increases in the Total Real Output of Many DVCs Do

question 131

Multiple Choice

Increases in the total real output of many DVCs do not increase the nation's standard of living because

• A) diminishing returns may be encountered in increasing total output.
• B) population increases may dissipate the increase in real output.
• C) disguised unemployment in agriculture will persist.
• D) surplus farm labor may move from rural areas to industrial areas, causing unemployment.

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Definitions:

Special Price

A discounted pricing strategy applied to products or services for promotional purposes or to certain classes of customers.

European Vacation

A holiday spent in one or more countries in Europe, often characterized by visits to cultural sites, natural landscapes, and experiencing local cuisine.

Clearly Stated

Something presented or expressed in a manner that leaves no doubt about its meaning.

Silence

The absence of sound or the act of refraining from speaking; in legal contexts, it can imply consent or acceptance under certain conditions.