In the Short Run,the Law of Diminishing Returns

question 60

Multiple Choice

In the short run,the law of diminishing returns

• A)Occurs for only a few economies.
• B)Can be observed in every production process.
• C)Does not occur in command economies.
• D)Can be overcome by using more variable inputs.

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Definitions:

Sensitization

An increased reaction to a stimulus following repeated exposure to it, often used in the context of allergic reactions or drug tolerance.

Long-term Potentiation

A lasting increase in signal transmission between two neurons that results from their simultaneous activation, believed to be a cellular mechanism underlying learning and memory.

Synaptic Connections

The points at which neurons (nerve cells) communicate with each other, passing messages through chemical signals.

Learning

Learning is the process of acquiring new or modifying existing knowledge, behaviors, skills, values, or preferences.