When diminishing marginal returns set in, total product will

A) increase at an increasing speed.
B) increase at a decreasing speed.
C) decrease at an increasing speed.
D) decrease at a decreasing speed.

B

Economics

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The civilian labor force consists of:

a. all civilians over the age of 16. b. the employed plus the unemployed who are not in the military. c. only individuals who are actually at work during a given week. d. civilians who are not in prisons or mental hospitals.

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Scarcity is a problem that

a. exists only in the poorer countries of the world b. would disappear if resources were less limited c. can be solved by rapid advances in technology d. exists in every economy e. the rich have solved

Economics