The argument that trade in high-tech equipment can facilitate the implementation of advanced military technology in countries that may become strategic opponents later on is the

In the expansion phase of the business cycle a. output is rising

b. unemployment is falling. c. consumer and business confidence is high. d. all of the above are true.

For the law of diminishing returns to be present, we must have:

A. at least one factor of production to be fixed. B. output decreasing as more laborers are hired. C. the price of labor increasing as more workers are hired. D. simultaneous changes in labor and capital.