Which Law Represents the Fact That the Initial Dramatic Yields

question 15

Multiple Choice

Which law represents the fact that the initial dramatic yields realized by crops that have received inputs of energy,water,fertilizer,and pesticides eventually level off? 

• A) the first law of thermodynamics 
• B) the tragedy of the commons law 
• C) the prevention vs. treatment law 
• D) the law of diminishing returns

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Definitions:

Price Level

The economy-wide current average price for its entire range of goods and services.

Supply of Money

The total amount of money available in an economy at a specific time, including currency and deposits.

Value of Money

The purchasing power of monetary units, indicating how much goods or services one unit of money can buy; it generally decreases with inflation.

Money Demand

The desire of households and firms to hold cash for the purposes of transactions, precaution, and speculation.