When Countries Improve Their Infrastructure,it Can Be Expected That

question 2

Multiple Choice

When countries improve their infrastructure,it can be expected that:

• A) International marketing costs in the country will increase
• B) Joint-venture opportunities will decrease
• C) Increased foreign investment in the country will result
• D) The economic system will gravitate toward capitalism
• E) Economic growth will stagnate

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Definitions:

Average Product

The output per unit of input, such as the quantity of goods produced per worker.

Law Of Diminishing Returns

The principle that as successive increments of a variable resource are added to a fixed resource, the marginal product of the variable resource will eventually decrease.

Resource Inputs

The basic materials and components required in the production process to create goods or services.

Product Outputs

Product outputs refer to the goods or services produced as a result of manufacturing processes or business activities.