Economies of scale can be caused by all of the following except
a. price discounts for large scale purchases
b. labor specialization
c. use of more productive equipment
d. increases in the firm's average total cost
e. more cost-efficient methods of marketing
D
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In the figure above, the U.S. government's revenue from the tariff is ________
A) $64 million B) $32 million C) $128 million D) $48 million
Which of the following groups of people would be included in the official unemployment rate?
a. part-time workers b. workers temporarily laid off from jobs to which they expect to return c. discouraged workers d. all of the above
Some argue that a nation should not depend too heavily on other countries for supplies of certain key products, special materials, or technologies that might have ______________ applications.
a. general b. scientific c. national security d. international
Tom is an organic gardener. When Tom produces vegetables only for consumption by his family, a. the value of the vegetables he produces is not included in GDP
b. the value of organic vegetables cannot be included in GDP, because organic production does not fit a category of GDP. c. if Tom registers his garden with the Department of Agriculture, the value of his vegetables will be included in GDP. d. the value of farm production is not a part of GDP.