A Course of Government Action Taken in an Attempt to Address

question 12

Short Answer

A course of government action taken in an attempt to address a public problem is known as a ______.

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Definitions:

Output

The total amount of goods or services produced by an individual, company, or economy during a specific period.

Negative Marginal Returns

Occurs when adding an additional factor of production actually decreases the total output, which can happen when there is too much input for the available resources or technology.

Input

Resources used in the production process to create goods or services, including labor, raw materials, and capital.

Cost Curves

Graphs that illustrate the cost of producing various levels of output, typically including curves for average costs and marginal costs among others.