The Idea That the More Any Given Resource Is Applied

question 15

Multiple Choice

The idea that the more any given resource is applied to production, the lower the marginal gain in output, until a point is reached where the additional inputs produce no additional output, is referred to as:

• A) the point of no return.
• B) the law of diminishing returns.
• C) supply and demand.
• D) inelasticity.
• E) virtual economics.

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Definitions:

Weiss (1971)

Reference to research by Weiss, often associated with studies on social isolation or the effects of stress on health.

Stressor

An external or internal event or stimulus that causes stress to an individual.

Ulceration

The formation of ulcers or open sores on the skin or mucous membranes, often resulting from an underlying condition or injury.

General Adaptation Syndrome

A three-stage response model describing how the body reacts to stress, including alarm, resistance, and exhaustion phases.