Diminishing returns to specialization occurs when:
A) natural resources begin to run out owing to pollution.
B) more units of resources are required to produce each additional unit.
C) the cost of producing goods reduces substantially with increase in number of goods produced.
D) the quality of resources comes down as a result of producing more goods.
Correct Answer:
Verified
Q66: The units of resources required to produce
Q67: The difference between Ricardo's theory and the
Q68: According to Samuelson,the ability to offshore service
Q69: Dynamic gains in both the stock of
Q70: The United States has an abundance of
Q72: Which theory predicts that countries will export
Q73: Nations have varying factor endowments,and different factor
Q74: According to the text,most economists prefer the
Q75: _ argued that contrary to the standard
Q76: U.S.exports were less capital-intensive than U.S.imports,despite the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents