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Which of the following is a good guideline for using questions?
Technological Improvements
Enhancements or upgrades in technological tools, systems, and procedures that increase efficiency or effectiveness.
Malthus
Refers to Thomas Malthus, an English economist and demographer known for his theory that population growth will outpace agricultural production, leading to widespread poverty.
Diminishing Marginal Returns
An economic principle stating that as more of a variable input is added to a fixed input, the additional output gained from each new unit of variable input will eventually decrease.
Marginal Product
The increase in output that results from using one more unit of a particular input, keeping other inputs constant.
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