If the Wage Rate Is Constant and Diminishing Marginal Returns

question 69

Multiple Choice

If the wage rate is constant and diminishing marginal returns have already set in, then

• A)the wage rate must increase.
• B)marginal cost increases.
• C)marginal cost decreases.
• D)the wage rate must decrease.

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Definitions:

Radical Reconstruction

The period after the American Civil War when the federal government took extensive measures to reintegrate and rebuild the Southern states, and to grant rights to freed slaves.

Interracial Governments

Governmental bodies or systems that include members of different racial or ethnic groups, particularly within contexts of diversity and inclusion.

Carpetbaggers

Derisive term for northern emigrants who participated in the Republican governments of the Reconstruction South.

Scalawags

A derogatory term used during the Reconstruction era to describe southern whites who supported the Republican Party's reconstruction policies.