The "law" of diminishing returns
a. is deduced from the basic biochemical relationship of agricultural theory.
b. was constructed as the basis of observation during experiments on the impact of fertilizer on output in the 1930s.
c. is based on regular observations of input-output relationships over the last two centuries.
d. is borrowed from physical laws related to conversion of matter and energy.
c
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An insurance company holding a single-home mortgage should be most concerned about the mortgage's __________ risk
A) default B) prepayment C) price fluctuation D) collateral
Which of the following people would be classified as fictionally unemployed?
a. Computer programmers who lost their jobs because of a recession. b. Construction workers who are on temporary layoff. c. Elementary school teachers who do not have summer jobs. d. Textile workers who lost their jobs because of new foreign competition.