What denotes the output level where economies of scale are exhausted and constant returns to scale begin?
a. minimum efficient scale
b. break-even point
c. efficient equilibrium
d. zero economic profit
a
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A decrease in a wage taxes causes the opportunity cost of leisure to increase.
Answer the following statement true (T) or false (F)
Capital flows deal with:
A) buying and selling of newly produced final goods and services among countries. B) buying and selling of existing real and financial assets among countries. C) buying and selling of only domestic final goods and services. D) none of the above.
A persistently declining price level resulting from economic growth and unchanged aggregate demand is called
A) demand-side deflation. B) supply-side deflation. C) ozian deflation. D) secular deflation.
The twin economic problems of the U.S. health care industry are the
A) rising health care costs and the declining quality of health care services. B) rising health care costs and the rising malpractice insurance costs. C) rising health care costs and the moral hazard problem in health care services. D) declining rate of immunization rates and the rising malpractice insurance costs.