Diseconomies of scale are reflected in
A. The upward-sloping segment of the long-run average total cost curve.
B. A downward shift of the long-run average total cost curve.
C. The downward-sloping segment of the long-run average total cost curve.
D. The downward-sloping segment of the long-run marginal cost curve.
Answer: A
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According to UNESCO reporting, "Governments in North America and Western Europe invested the highest shares of national resources in education: 5.6 percent of GDP." As a result, we would expect ________, all else held constant. www.worldometer
info A) higher economic growth rates in these countries compared to other countries B) lower economic growth rates in the countries because fewer resources can be devoted to innovation C) lower research and development spending and lower economic growth unless the governments can raise taxes D) lower saving rates and slower economic growth
If a firm shuts down in the short run it will
A) break even. B) suffer a loss equal to its fixed costs. C) declare bankruptcy. D) suffer a loss equal to its variable costs.
Reserve requirements are set by
A) the Secretary of Treasury. B) the President. C) Congress. D) the Fed.
What is the difference between demand and quantity demand?
A. Quantity demand is the directly related to a change in price. B. Quantity demand is a number while demand is the whole curve. C. Demand is inversely related to a change in price. D. Demand is a number while quantity demanded is the whole curve.