A Reason a Nation Faces Diminishing Returns Along a Production

question 244

Multiple Choice

A reason a nation faces diminishing returns along a production function is because

• A)unemployment always exists.
• B)potential GDP is fixed.
• C)the quantity of physical capital is fixed.
• D)full employment is not possible.
• E)the wage rate is fixed while moving along the production function.

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Definitions:

Middle Managers

Individuals within an organization who manage front-line employees and implement strategies and policies dictated by top management.

Social Needs

The requirements essential for an individual's well-being and functioning in a society.

Temperament

An individual's innate disposition or personality traits, influencing their behavior and emotional reactions.

Physiological Needs

Basic physical requirements for human survival and health, such as air, water, food, shelter, and sleep.