In the Short Run,the Point at Which Diminishing Marginal Returns

question 24

Multiple Choice

In the short run,the point at which diminishing marginal returns to labor begin is the point at which the marginal cost curve

• A) peaks.
• B) bottoms out.
• C) is upward sloping.
• D) is downward sloping.

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Definitions:

U.S. Exports

Goods and services produced in the United States and sold to other countries.

Outflow of Payments

The movement of money out of a particular country, company, or household, typically for the purpose of purchasing goods, services, or assets.

Inflow of Payments

The total amount of money coming into a firm, organization, or economy from various sources over a period of time.

Bretton Woods

Refers to the international monetary system established in 1944, which set up fixed exchange rates and established the International Monetary Fund (IMF) and the World Bank.