In the above table, the technique that is never economically efficient is
A) A.
B) B.
C) C.
D) D.
C
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If real GDP is greater than nominal GDP for a particular year, then
A) production must have fallen between the current year and the base year. B) production must have increased between the current year and the base year. C) prices must have fallen between the current year and the base year. D) prices must have risen between the current year and the base year. E) prices must have fallen between the current year and the immediate past year.
Disadvantages of a consumption tax are
A. the administrative problems. B. the transitional problems. C. dealing with gifts and bequests. D. all of these answer options are correct.
On the eve of the American Revolution, the majority of colonists were naturally born in the colonies rather than immigrants from elsewhere
Indicate whether the statement is true or false
Suppose a company that produces mouthwash branches out into producing toothpaste. If this expansion reduces the average cost per unit, the company must
a. benefit from vertical integration b. benefit from horizontal integration c. experience economies of scale d. experience economies of scope e. have no transaction costs