When long-run average costs decrease as a result of industry growth, there are
A. external diseconomies.
B. external economies.
C. internal economies.
D. internal diseconomies.
Answer: B
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Which of the following did not help Thailand maintain its peg against the dollar in the 1990s?
A) borrowing dollars from the International Monetary Fund in exchange for baht B) foreigners selling off new investments in Thailand C) increasing domestic interest rates to attract more foreign investors D) buying baht on the foreign exchange market to support higher demand for the baht
In 2014, ________ of the uninsured were younger than age 35
A) about 10 percent B) less than one-third C) over half D) almost 85 percent
If the price elasticity of demand is greater than 1, then consumer demand is
A) unrelated to the elasticity of demand. B) inelastic. C) elastic. D) unitary elastic.
An increase in the interest rate will: a. increase the amount of money supplied by lenders
b. decrease the amount of money supplied by lenders. c. have no effect on the amount of money supplied by lenders. d. have an ambiguous effect on the amount of money supplied by lenders.