Total Product Is Defined as _____

question 83

Multiple Choice

Total product is defined as _____

• A)a firm's total output.
• B)the increase in output that occurs when all resources are increased by the same proportion.
• C)the increase in output that occurs when an additional unit of a resource is added, holding all other resources constant.
• D)the amount of additional resources needed to increase output by one unit when all resources are increased by the same amount.
• E)the amount of additional money needed to increase output by one unit when all resources are held constant.

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Definitions:

Freedom Of Information Act

A law ensuring public access to government records and promoting transparency.

National Security

Measures and policies adopted by a nation to protect its citizens, economy, and institutions against threats.

Criminal Investigations

The process by which authorities (such as the police) inquire into the facts and circumstances of a crime to gather evidence for the prosecution of offenders.

Government In Sunshine Act

Federal law which requires that agency business meetings be open to the public if the agency is headed by a collegiate body (i.e., two or more persons, the majority of whom are appointed by the president with the advice and consent of the Senate); also requires that agencies keep records of closed meetings.