To Get Increasing Returns to Scale Using the Production Function

question 21

Multiple Choice

To get increasing returns to scale using the production function
,we need to replace total factor productivity,
,

• A)with more capital.
• B)with the flow of ideas, .
• C)with the stock of ideas, .
• D)with the number 2.
• E)with twice the factor productivity, .

Understand the variability and social construction of deviance across cultures and time.

Recognize the different dimensions of deviance and crime, including severity of social response and perceived harmfulness.

Identify and differentiate between informal and formal punishments in response to deviance.

Analyze the role of social norms and laws in the definition and enforcement of deviant behavior.

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Definitions:

Professional Merit Selection

A system of appointment based on qualifications and performance rather than political connections or personal favoritism.

President

The elected head of a republican state or organization, holding the highest office and often acting as the chief executive or ceremonial figurehead.

SEC

stands for the Securities and Exchange Commission, a U.S. federal agency responsible for regulating the securities industry, enforcing federal securities laws, and ensuring market stability.

Administrative Process

The procedures and actions taken by administrative agencies executing laws, including rule-making, enforcement, and adjudication.