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Suppose There Are Constant Returns to Scale

question 106

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Suppose there are constant returns to scale.Now suppose that over time a country doubles its workers,its natural resources,its physical capital,and its human capital,but its technology is unchanged.Which of the following would double?


Definitions:

Blaming the Victim

The unjust practice of holding the victim of a crime or misfortune responsible for their own hardship.

Just-World Phenomenon

The belief that people get what they deserve, leading to a sense that the world is fair and just.

Social Scripts

Culturally provided mental instructions for how to act in various social situations.

Frustration-Aggression Principle

A psychological theory suggesting that frustration often leads to aggressive behavior as the individual seeks to eliminate the source of their frustration.

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