The ability of Intel to spread product development cost over a larger number of units of output arises from
A. constant returns to scale.
B. minimum efficient scale.
C. diseconomies of scale.
D. economies of scale.
Answer: D
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An increase in the demand for our exports
a. increases aggregate demand and income by the amount of the investment multiplier. b. increases imports as well, having no impact on aggregate demand. c. increases aggregate demand and income by less than the amount of the investment multiplier. d. does not impact aggregate demand because this is consumption by foreign countries.
In macroeconomics, the long run refers to:
A. how long it takes for prices of inputs to fully adjust to changes in economic conditions. B. the time period when sticky wages are in place. C. how long it takes for output decisions to adjust to changes in economic conditions. D. how long it takes for fixed inputs to become variable.
If the ABC company owns the exclusive rights to mine land in Afghanistan for Lapis Lazuli, a rare stone used in jewelry which is found only in Afghanistan, the company benefits from a barrier to entry
a. True b. False Indicate whether the statement is true or false
If the country is heading into a recession, the Fed might be able to counteract this by
A. increasing the discount rate. B. carrying out an expansionary fiscal policy. C. forcing the government deficit to decrease. D. acting to increase the money supply.