The law of diminishing marginal productivity does not apply in the long run because:
A. no inputs are fixed in the long run.
B. some inputs are fixed in the long run.
C. all inputs are fixed in the long run.
D. some inputs are variable in the long run.
Answer: A
Economics
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Prior to the financial crisis and recession which began in 2007, credit for mortgages was ________, creating a ________
A) unavailable to low-income borrowers; large demand for rental properties B) virtually unavailable; housing bubble C) only available to borrowers with high credit scores; shortage of affordable housing D) easily obtained; housing boom
Economics
Sam, who is 55 years old and has been a steelworker for 30 years, is unemployed because the steel plant in his town closed and moved to Mexico. Sam is experiencing:
What will be an ideal response?
Economics