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    Principles of Economics Study Set 1
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    Exam 20: The Labor Market: Workers, Wages, and Unemployment
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    The Principle of Diminishing Returns to Labor Is Based on The
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The Principle of Diminishing Returns to Labor Is Based on The

Question 58

Question 58

Multiple Choice

The principle of diminishing returns to labor is based on the:


A) scarcity principle.
B) cost-benefit principle.
C) principle of comparative advantage.
D) principle of increasing opportunity cost.

Correct Answer:

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