Examlex
Which of the following is one of the assumptions made by critics of nuclear weapons and by those who argue for nuclear disarmament?
Diminishing Returns
Diminishing returns is an economic principle stating that as more investments or resources are added to a production process, the incremental gain in output will eventually decrease if all other factors remain constant.
Disguised Unemployment
Situations where more people are employed in a task or job than is necessary for its completion, leading to inefficiency.
Capital Goods
Long-term assets such as buildings, machinery, and equipment purchased by businesses to produce goods and services.
Terms of Trade
The ratio of an index of a country's export prices to an index of its import prices, used to measure the relative trading advantage or disadvantage.
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