If an Increase in Labour and Capital of 10 Per

question 31

Multiple Choice

If an increase in labour and capital of 10 per cent leads to output increasing by 10 per cent then,ceteris paribus,the economy is operating with:

• A)increasing returns to scale.
• B)decreasing returns to scale.
• C)constant returns to scale.
• D)economies of scale.
• E)diseconomies of scale.

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Definitions:

Male Climacteric

The period of physical and psychological change relating to the male reproductive system that occurs during late middle age.

Reproductive System

A collection of internal and external organs in both males and females that work together for the purpose of procreating.

Lead Poisoning

Lead poisoning is a medical condition caused by exposure to lead, leading to health problems like damage to the brain and nervous system.

Lead

A heavy metal that is toxic to health, often found in paint, pipes, and various industrial products, exposure to which can cause serious health problems.