The "Law" of Diminishing Returns Rests on the "Law" of Variable

question 156

True/False

The "law" of diminishing returns rests on the "law" of variable input proportions.

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Definitions:

Net Exports

The value of a country's total exports minus its total imports, representing the external demand for a nation’s goods and services.

Positive Entry

The introduction of new firms into a market in response to observed profits, leading to increased competition.

Goods Imports

The action or process of bringing goods and services from foreign countries into a domestic market for consumption or use.

Exports of Services

Economic transactions where domestic service providers offer their services to entities in foreign countries.