The slope of the per-worker production function diminishes as the amount of capital per-worker increases. This is a reflection of the law of _____
a. increasing marginal returns
b. diminishing marginal returns
c. constant marginal returns
d. first diminishing then increasing marginal returns
e. demand
b
Economics
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During an expansion, the unemployment rate generally
A) rises. B) falls. C) is not affected. D) is, by definition, below 5 percent. E) is higher than during a recession.
Economics
Which of the following is assumed to be most limited in scope under a market system?
A. Entrepreneurship B. Self-interest C. Competition D. Government
Economics