Diminishing Returns to Specialization Occur When

question 34

Multiple Choice

Diminishing returns to specialization occur when

• A) each additional unit is produced with lesser number of laborers.
• B) a nation's gross domestic product declines for a few years.
• C) production possibility frontier appears as a rectangle.
• D) more units of resources are required to produce each additional unit.

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Definitions:

Nativists

Individuals or groups advocating for the preference of born citizens over immigrants, often pushing for policies that restrict immigration.

Urban Crime

Criminal activities and offences that occur predominantly in urban or city areas, often associated with violence, theft, and vandalism.

Political Corruption

The abuse of public power for personal gain or the manipulation of governmental practices and policies for selfish purposes.

Lowell Mill

Lowell Mills were textile mills located in Lowell, Massachusetts, which became known for employing young women, called "Mill Girls," under unique labor conditions during the early phases of the Industrial Revolution in the United States.