According to the table above, paper product production exhibits
A) decreasing returns to scale.
B) constant returns to scale.
C) increasing returns to scale.
D) varying returns to scale.
C
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What variable has been shown to be highly correlated with nutrition, disease, and income, and is increasingly being used by economists to measure the well being of people?
a. Height. b. Weight. c. IQ. d. Gender.
The time and money it takes to organize a group or a campaign and to get the attention of lots of busy people is the:
A. cost of collective action. B. reason why collective action does not happen in the real world. C. reason why all individuals never participate in any collective action. D. initial set-up costs of the campaign or group.
_____________ can play a useful role in passing rules on how businesses operate, but these well-intentioned laws can, in some cases, become so intrusive that businesses decide to place limits on their hiring.
a. People b. Cities c. Government d. The World Trade Organization
In this graph, point E2 is a(n) ______ equilibrium point because it ______.
a. sustainable; is on the LRAS curve
b. sustainable; is on the SRAS curve
c. unsustainable; decreases output, but not prices from e1
d. unsustainable; decreases prices, but not output from e1