The Traditional View of the Production Process Is That Capital

question 110

Multiple Choice

The traditional view of the production process is that capital is subject to

• A)constant returns.
• B)increasing returns.
• C)diminishing returns.
• D)diminishing returns for low levels of capital,and increasing returns for high levels of capital.

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Definitions:

Evolutionary Perspective

A theoretical approach that explains psychological traits as adaptations that have evolved to solve recurrent problems in human ancestral environments.

Triangular Theory

A theory, often related to love, that proposes three components (intimacy, passion, and commitment) are necessary for complete love.

Social Exchange Theory

A theory which maintains that people provide help to someone else when the benefits of helping and the costs of not helping outweigh the potential costs of helping and the benefits of not helping.

Operant Conditioning

An educational method whereby the intensity of a behavior is altered through rewards or penalties.