The Principle of Diminishing Returns to Labor Is Based on The

question 58

Multiple Choice

The principle of diminishing returns to labor is based on the:

• A)scarcity principle.
• B)cost-benefit principle.
• C)principle of comparative advantage.
• D)principle of increasing opportunity cost.

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Definitions:

Type A Behavior

A personality pattern characterized by high levels of competitiveness, impatience, and a sense of urgency.

Cynical Hostility

A negative attitude characterized by mistrust of others, cynicism, and a belief that people are motivated by selfishness.

Time Urgency

A feeling of pressure to complete tasks and activities quickly, often associated with stress and anxiety.

Type A Personality

A temperament characterized by high levels of competitiveness, self-motivation, and a constant sense of urgency.