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:

Satirical

A form of literature or art that uses humor, irony, exaggeration, or ridicule to criticize and expose folly or vice.

Derisive

Expressing contempt or ridicule, often in a mocking way that seeks to diminish or belittle someone or something.

Nicknames

Alias or alternative names given to persons, places, or things, often short and sometimes affectionate or humorous.

Wernicke's Area

A region of the brain that is involved in the understanding of spoken language, located in the temporal lobe.