Examlex
which of Holland's personality dimensions is a minister likely to score the highest?
Fixed Proportions
A production condition where inputs must be combined in strict, unchanging ratios to produce output.
Substitution Effect
The change in the quantity demanded of a good resulting from a change in its price, making it more or less expensive relative to other goods.
Output Effect
The change in total output resulting from a change in the quantity of an input, other factors being held constant.
Substitute Resource
An alternative resource that can be used in place of another to produce similar goods or services.
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