The decreasing portion of a firm's long run average cost curve is attributable to:
A. diminishing returns to scale.
B. increasing marginal cost.
C. economies of scale.
D. diseconomies of scale.
Answer: C
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Increase in business taxes will ________ the expenditure curve:
A) decrease. B) increase. C) not change. D) none of the above.
If using the same resources, the U.S. workers can produce more of any good than Mexican workers, then the United States should produce every good
a. True b. False Indicate whether the statement is true or false
Which of the following was the first federal legislation to outlaw discrimination based on race, religion, or gender?
a. Civil Rights Act of 1964 b. Civil Rights Act of 1991 c. Emancipation Proclamation d. Equal Pay Act of 1963
A ________ is the privilege granted to an individual or company by the government, which gives them the sole right to produce and sell a good
A) brand B) patent C) copyright D) trademark