The Former Soviet Union Consistently Increased the Amount of Capital

question 206

Multiple Choice

The former Soviet Union consistently increased the amount of capital available to its workers, but found that increases in capital resulted in progressively smaller and smaller increases in GDP per worker.This phenomenon is referred to as

• A)a rising standard of living.
• B)diminishing returns to capital.
• C)new growth theory.
• D)a shift of the per-worker production function.
• E)diseconomies of scale.

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Definitions:

Ethical Judgments

are assessments made about actions or decisions based on moral principles, determining what is right or wrong.

Consequences

The results or outcomes that follow from actions, decisions, or policies, either intended or unintended.

Negotiator's Relationship

The dynamic and interactions between parties engaged in negotiation, influenced by their past dealings, trust, and communication.

Unethical Tactics

are deceptive or morally wrong strategies used in negotiations or other situations to gain an unfair advantage.