As Working and Middle-Class Families Flee Inner-City Poverty Areas, the Most

question 74

Multiple Choice

As working and middle-class families flee inner-city poverty areas, the most disadvantaged population is consolidated in urban ghettos. This phenomenon results in a poverty ______ effect.

• A) solidity
• B) concentration
• C) cohort
• D) instability

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Definitions:

Law of Diminishing Returns

An economic principle stating that if one input in the production of a product is increased while other inputs are held constant, a point will eventually be reached at which additions of the input yield progressively smaller, or diminishing, increases in output.

Marginal Returns

The additional output gained by adding one more unit of a specific input, assuming all other inputs remain constant.

Total Returns

The complete return on an investment over a given time period, including both capital gains and dividends or interest.

Average Returns

The average amount of profit or loss generated by an investment over a specific period.