Economies of Scale Is Another Term for

question 230

Multiple Choice

Economies of scale is another term for

• A)increasing returns to scale.
• B)constant returns to scale.
• C)increasing marginal physical productivity.
• D)decreasing returns to scale.

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Definitions:

Terman's Longitudinal Study

A research project initiated by Lewis Terman that started in 1921 to study the development and characteristics of gifted children into adulthood, providing valuable insights into intelligence and achievement.

Gifted Individuals

People who exhibit high levels of aptitude or competence in one or more domains at levels significantly beyond what is considered typical for their age.

Savant Syndrome

A rare condition where an individual with significant mental disabilities demonstrates profound capacities or abilities in a specific area, such as memory, music, art, or calculation.

Phenylketonuria

A genetic disorder characterized by the body's inability to break down the amino acid phenylalanine, leading to harmful levels in the blood.