ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The relationship of outputs to inputs is known as:
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Productivity
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Scarcity
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Opportunity Cost
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Specialization
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Explanation:
Detailed explanation-1: -The relationship between the quantities of inputs and the maximum quantities of outputs produced is called the “production function."
Detailed explanation-2: -Positive and Negative: A positive relationship between the inputs and the outputs is one wherein more of one input leads to more of an output. This is also known as a direct relationship. On the other hand a negative relationship is one where more of one input leads to less of another output.
Detailed explanation-3: -A function is a relationship between input and output.
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