What Does Steven Spitzer Call Unneeded Laborers in His Work

question 26

Multiple Choice

What does Steven Spitzer call unneeded laborers in his work?

• A) social dynamite
• B) social junk
• C) unemployed
• D) bourgeoisie

Understand the concept and implications of economies and diseconomies of scale.

Calculate a firm's total economic costs including explicit and implicit costs.

Differentiate between accounting and economic profits.

Apply the law of diminishing marginal returns to short-run production scenarios.

---

Definitions:

EEG

Electroencephalography, a method to record electrical activity of the brain using electrodes placed along the scalp.

Parasympathetic Nervous System

Part of the autonomic nervous system responsible for rest and digestion, counterbalancing the sympathetic nervous system's fight-or-flight responses.

Peristalsis

The series of wave-like muscle contractions that moves food through the digestive tract.

Heart Rate

The number of heartbeats per unit of time, usually measured in beats per minute (bpm), indicating cardiovascular health and activity level.