The Ricardian Notion That of Diminishing Returns Implies That

question 10

Multiple Choice

The Ricardian notion that of diminishing returns implies that

• A)as more input is used more output will be made.
• B)as more input is used less output will be made.
• C)as more input is used the increase in output will increase.
• D)as more input is used the increase in output will decrease.

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Definitions:

Clothing Trade

The clothing trade involves the production, distribution, and sale of apparel and accessories through various markets and industries globally.

Center

Typically refers to the middle point of something or a position of neutrality or moderation in political contexts.

Labor-Saving Farm Implements

Tools or machines that reduce the amount of manual labor required in farming, contributing to increased efficiency and productivity in agriculture.

Overproduction

The condition where production exceeds the demand for goods, often leading to economic downturns and price falls.