Credential Inflation Results from

question 34

Multiple Choice

Credential inflation results from

• A)a combination of cost-push inflation and demand-pull inflation.
• B)rigidities in the industrial sector.
• C)the need to select from among qualified applicants in the modern sector.
• D) all of the above.

Differentiate between prokaryotic and eukaryotic cells.

Recognize the symptoms and causes of common respiratory diseases.

Explain factors that can weaken the body's immune system.

Describe the characteristics and impact of subcellular microorganisms.

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Definitions:

Economies of Scale

The cost advantages that a business obtains due to expansion, where the average cost per unit of output decreases with increasing scale.

Diseconomies of Scale

The situation where long-run average costs start to increase as the scale of operation grows beyond a certain point, leading to increased per-unit costs.

Diminishing Returns

A principle in economics indicating that adding more of one factor of production, while holding others constant, will at some point yield lower incremental per-unit returns.

Constant Costs

Costs that remain the same in total, regardless of changes in the volume of goods or services produced.