Examlex
Formal or informal questioning of job applicants to learn their qualifications and to gain an impression of their personalities is called
Nonlabor Resources
are inputs in the production process that are not related to work or effort by employees, such as capital, land, and materials.
Diminishing
Refers to the principle where increasing one input, while holding others constant, will eventually yield lower per-unit returns.
Long Run
In economics, a period in which all factors of production and costs are variable, and firms can enter or exit the market.
Resources Fixed
A situation in an economic model where the availability of resources is constant and unchanging over time.
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