Refer to Figure 11-1. Diminishing marginal returns is illustrated in the per-worker production function in the figure above by a movement from
A) B to C. B) C to D. C) D to C. D) A to C.
D
Economics
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Keeping in mind economists' definition of factors of production, which of the following is NOT a factor of production?
A) money B) low-skilled labor C) coal D) an engineer
Economics
A tax imposed by a government on imported goods or services is a:
A) quota. B) tariff. C) nontariff barrier. D) trade embargo.
Economics