Economies of scale are followed by diseconomies of scale
Indicate whether the statement is true or false
True
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Using the data in the above table, net private domestic investment equals
A) $210. B) $260. C) $510. D) some amount that cannot be determined without more information.
In national income accounting, the two uses of disposable income are
A. Saving and investment. B. Personal income and personal taxes. C. Consumption and investment. D. Saving and consumption.
Variables X and Y in the table below are:
A. Positively related
B. Negatively related
C. Not directly related
D. Independently related
If the Boston Red Sox were playing the Chicago Cubs in the World Series and fans were willing to pay three times the face-value price for tickets, economists would suggest that a scalping market would appear, and it
A. would make all ticket holders and potential buyers worse off. B. would make all ticket holders and potential buyers better off (or at least no worse off). C. cause the price to fall back to the face value. D. cause the price to fall below the face value.