The Idea That the Production Function Exhibits _______ Implies That

question 235

Multiple Choice

The idea that the production function exhibits _______ implies that ________.

• A)diminishing returns;the Lucas Wedge increases at output increases
• B)diminishing returns;each additional unit of labor employed generates an ever-decreasing amount of real GDP
• C)increasing returns;potential GDP is always increasing
• D)increasing returns;output should increase steadily as technology grows
• E)constant returns;each additional unit of labor employed generates an increasing amount of real GDP

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Definitions:

Negative Reinforcement

A behavior modification technique that increases the likelihood of a behavior by removing or avoiding a negative outcome or stimulus.

Electric Shock

A sudden discharge of electricity through a part of the body, capable of causing injury or various physiological effects.

Lever

A simple machine consisting of a rigid bar that pivots on a fixed point to lift or move loads with one end when force is applied to the other.

Punishments

Consequences applied with the intent of reducing or eliminating an unwanted behavior.