The law of diminishing returns states that:
a. as additional increments of resources are added to producing a good or service, the marginal benefit from those additional increments will increase.
b. as society moves from one choice to another, the production of physical capital declines.
c. it is impossible to get more of one good without giving up some amount of the other good

Refer to above Table 2-2. Choosing the prices of year 2 gives a ________ increase in real GDP because year 2 prices place a ________ valuation on quantities that have increased ________ rapidly

A) lower, higher, least B) higher, lower, most C) higher, higher, least D) lower, lower, most

If two goods are complementary, a(n):

a. decrease in the price of one product will cause a decrease in the demand for the other product. b. decrease in the price of one product will cause an increase in the demand for the other product. c. increase in the price of one product will cause an increase in the supply of the other product. d. increase in the price of one product will cause a decrease in the supply of the other product. e. increase in the price of one product will cause an increase in the demand for the other product.