Examlex

Solved

While Dams Are Important,they Lose Large Amounts of Water Every

question 17

Multiple Choice

While dams are important,they lose large amounts of water every day due to _____________.


Definitions:

Fourth Worker

In the context of diminishing returns, it could refer to a point where adding an additional worker leads to a lesser increase in output.

Marginal Productivity

The extra output that a business gains by adding one more unit of input, such as labor or capital.

Income Distribution

The way in which a country’s total GDP is spread amongst its population, affecting economic equity and quality of life.

Value Added

The increase in the value of a product or service as it passes through each stage of production or supply chain.

Related Questions