Diminishing Returns,so That Each Additional Hour of Labor Employed Produces

question 110

Multiple Choice

Diminishing returns,so that each additional hour of labor employed produces successively smaller additional amounts of real GDP,exist because

• A)labor is not very productive.
• B)extra labor produces more output.
• C)all other factors are held fixed.
• D)the price level rises as more workers are employed.
• E)additional workers are paid higher wage rates.

Identify various research tools and their appropriate applications.

Grasp the concept of primary and secondary research methodologies.

Know the effectiveness and structure of various communication documents in business.

Distinguish between factual and persuasive documents in business communication.

---

Definitions:

Genetic Component

The part of a characteristic or disease risk attributed to variations or mutations in genes.

Fluid Intelligence

The aspect of human intelligence that involves the ability to solve new problems, use logic in novel situations, and identify patterns.

Crystallized Intelligence

The faculty to employ previously gained insights and life events effectively.

Verbal Intelligence

The capacity to analyze information and solve problems using language-based reasoning.