Diseconomies of scale are associated with:
A. improved team spirit.
B. decreasing per-unit costs.
C. monitoring costs.
D. the short run.
Answer: C
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What do mainstream economists consider to be one cause of economic instability?
A. changes in the money supply B. changes in resource availability C. instability in expenditures D. government intervention
The above figure shows a labor market with minimum wage equal to $16. In this figure, what area equals the resources lost because of job search?
A) area A B) area B C) area C D) area D E) area E
Using the data in the table above, the growth rate of real GDP has
A) increased from year to year. B) increased more rapidly from year to year. C) remained constant from year to year. D) slowed from year to year. E) probably changed, but more information is needed about the price level to determine by how much it has changed.
If the euro per dollar exchange rate changes from $1 = 0.8 euros to $1 = 0.7 euros, it implies that the euro has depreciated against the dollar
a. True b. False Indicate whether the statement is true or false