The central tenets of diminishing returns can also be

This preview shows page 2 - 3 out of 3 pages.

The central tenets of diminishing returns can also be found in Malthus’ population theory
Question 141.5 out of 1.5 pointsAccording to the following information, if the price of agricultural produce were sufficient to have three workers to be employed on a land, what would be the rent for the first worker?OneworkerTwoworkersThree workersFour workersUnit of output12223036
Question 151.5 out of 1.5 pointsWhat type of tax structure would encourage hard work?
Question 161.5 out of 1.5 points“… rent is always the difference between th produce obtained by the employment of two equal quantities of capital and labor.” This definition was given by
Question 17
1.5 out of 1.5 pointsThomas Sowell argued that if population growth is regulated by the food supply, then the western countries should have
Question 181.5 out of 1.5 pointsEqual successive increments of a variable input, such as labor, added to a fixed input, such as capital, would produce declining increments of output given the level of technology is knownas
Question 190 out of 1.5 pointsTax interest on savings and gains on investments would
Question 201.5 out of 1.5 pointsThe mercantilist measured prosperity of a nation by its per capita income

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture