A firm that successfully differentiates its product or lowers its average cost of production creates
A) a perfectly inelastic demand curve for its product.
B) value for its customers.
C) entry barriers into its market.
D) economies of scale.
B
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A counterparty to a financial instrument is always the:
A. person or institution that purchases the financial instrument. B. person or institution that is on the other side of the financial contract. C. government agency guaranteeing the value of the instrument. D. issuer of the financial instrument.
A reason the government expenditure multiplier is larger than 1 is because
a) investment increases when government expenditure increases b) government expenditure always increases c) government expenditure changes generate changes in consumption expenditure d) taxes are left unchanged
List and briefly describe the five factors of production.
What will be an ideal response?
Compare and contrast the characteristics of economic growth in ancient or pre-industrial times with modern economic growth today
What will be an ideal response?