Figure 12-1

question 220

Multiple Choice

Figure 12-1. On the horizontal axis, K/L represents capital (K) per worker (L) . On the vertical axis, Y/L represents output (Y) per worker (L) .
-Refer to Figure 12-1. The curve becomes flatter as the amount of capital per worker increases because of

• A)increasing returns to capital.
• B)increasing returns to labor.
• C)diminishing returns to capital.
• D)diminishing returns to labor.

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Definitions:

Functionalist Perspective

Views society as a structure with interrelated parts designed to meet the biological and social needs of the individuals in that society.

Poverty

A condition where individuals or communities lack the financial resources and essentials for a minimum standard of living.

Conflict Theory

A perspective in sociology that emphasizes the social, political, or material inequality of a social group, critiquing the broader socio-political system.

Caste System

A form of social stratification where individuals are born into a fixed social group or caste, determining their social status, occupation, and potential marriage partners.