The Term _____ Refers to a Policy or a Program

question 63

Short Answer

The term _____ refers to a policy or a program that tries to respond to instances of past discrimination by implementing proactive measures to ensure equal opportunity today.

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Definitions:

Diminishing Returns

A principle stating that the addition of more of one factor of production, holding all else constant, will at some point yield lower incremental per-unit returns.

Marginal Product

The additional output resulting from the use of one more unit of a variable input, holding other inputs constant.

Cookie Production

The process of baking cookies, which involves mixing ingredients according to a recipe, shaping, and then heating them in an oven until done.

Marginal Productivity

The additional output produced by employing one more unit of a specific factor of production, holding other factors constant.