According to the principle of diminishing returns, if all factors of production but one are held constant and if that one factor is doubled, then eventually output will most likely
A) double too. B) more than double.
C) less than double. D) remain unchanged.
C
Economics
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The openness of the U.S. economy has
A) increased over time. B) decreased over time. C) remained fairly consistent over time. D) decreased over the past 30 years, following a 50 year increase.
Economics
GDP is a measure of:
A. domestic production. B. changes in the general level of prices. C. material well-being. D. social welfare.
Economics