The Soviet Union Consistently Increased the Amount of Capital Available

question 183

Multiple Choice

The Soviet Union consistently increased the amount of capital available to its workers,but found that increases in capital resulted in progressively smaller and smaller increases in GDP per worker.This phenomenon is referred to as

• A)a rising standard of living.
• B)diminishing returns to capital.
• C)new growth theory.
• D)a shift of the per-worker production function.

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Definitions:

Everyday Uses

The common or routine utilizations of objects, technologies, or insights in daily living.

Public Matter

Issues or concerns that affect the broader community or population and are subject to public discussion or governance.

Luxuries

Goods or services that are considered non-essential but desirable, often associated with high quality, exclusivity, and a high price.

Necessities

Essential needs or requirements crucial for basic living, survival, or carrying out certain tasks.