In the past 100 years the U.S. economy has primarily experienced
a. deflation.
b. unemployment.
c. inflation.
d. depression.
c
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As McDonald's expanded globally, it was able to achieve:
A) economies of scope. B) economies of scale. C) diseconomies of scale. D) none of the above.
Suppose a market were currently at equilibrium. A rightward shift of the supply curve would cause a(n)
A) increase in price but a decrease in quantity. B) decrease in price but an increase in quantity. C) increase in both price and quantity. D) decrease in both price and quantity.
Efficiency is defined as
A) the maximum consumption of goods. B) the production of goods and services. C) the production of output at minimum cost. D) the most profits for companies.
An increase in dividend payments will
A. lead to a decrease in labor supply. B. either lead to an increase or decrease in labor supply depending on the relative magnitude of the income and substitution effects. C. have no effect on labor supply. D. lead to an increase in labor supply.