When a decrease of a firm's scale of production leads to lower average costs per unit produced, there is an increasing return to scale.
Answer the following statement true (T) or false (F)
False
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Which of the following could best be categorized as a public good?
A) an apartment in a public housing project B) a pumpkin pie C) public fireworks D) a race track
Suppose a social activist collecting information on the level of air pollutants in sparsely populated regions concludes that pollution levels are positively related to population. Since her sample set is restricted only to sparsely populated regions her outcome would be erroneous due to:
a. recognition heuristic. b. availability heuristic. c. representative heuristic. d. selection bias.
The hard-landing scenario begins with
a. a US recession. b. a decline in foreign demand for US assets. c. an increase in foreign demand for dollars. d. an increase in foreign demand for assets. e. a US expansion.
Choose the letter of the diagram in Figure 36.2 that represents the shift in the foreign exchange market for dollars given the following situation, ceteris paribus: The Japanese remove some tariffs on American goods.
A. a. B. b. C. c. D. d.