If There Is One Input Used in Production and If

question 10

True/False

If there is one input used in production and if there are decreasing returns to scale, then the marginal product for the input will be diminishing.

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Definitions:

Dependency Theory

A theory suggesting that economic disparities between countries are created and maintained by global capitalist systems, where wealthy countries exploit poorer ones.

Neoliberal Globalization

The process of global integration where emphasis is placed on free-market policies, minimal state intervention, and liberalized international trade.

Foreign Investment

The investment of capital from one country into businesses, real estate, or projects within another country, aiming to achieve financial returns.

World System

A viewpoint that emphasizes the global interconnections and dependencies of economies and cultures.