Diminishing Returns,so That Each Additional Hour of Labor Employed Produces

question 110

Multiple Choice

Diminishing returns,so that each additional hour of labor employed produces successively smaller additional amounts of real GDP,exist because

• A)labor is not very productive.
• B)extra labor produces more output.
• C)all other factors are held fixed.
• D)the price level rises as more workers are employed.
• E)additional workers are paid higher wage rates.

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Definitions:

Cyclohexanone

A six-membered cyclic ketone, notable for its use in the production of nylon and as a solvent.

Synthetic Steps

The individual stages or reactions in a synthetic pathway used to construct complex molecules from simpler ones.

Compound

A substance made up of atoms of two or more different elements joined by chemical bonds.

IUPAC Name

The systematic method of naming chemical compounds designated by the International Union of Pure and Applied Chemistry.