If the total cost of production increases by 10% and output increases by less than 5%, then the firm is experiencing
A. constant returns to scale.
B. decreasing average total costs.
C. diseconomies of scale.
D. economies of scale.
Answer: C
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Since 1948, the average unemployment rate in the United States has been about
A) 3%. B) 6%. C) 8%. D) 10%.
Refer to the information provided in Table 23.10 below to answer the question(s) that follow. Table 23.10
Refer to Table 23.10. Planned investment equals actual investment at
A. all income levels. B. an income level of $2,800 million. C. all income levels below $2,800 million. D. all income levels above $2,800 million.
Which statement best describes changes in infant mortality in the US from 1940-2005?
a. By 2005, the total infant mortality rate was about 15% of what it had been in 1940. b. The infant mortality rate is higher for whites than for blacks. c. The infant mortality rate was about twice as high in 1940 as it was in 2005. d. The infant morality rate during the first 28 days of life dropped significantly but the infant mortality rate from 28 days to 1 year remained about the same.
Vertical relationships can increase profits through
a. preventing firms from evading regulation b. creating a double-markup problem c. better aligning the incentives of manufacturers and retailers d. preventing price discrimination