A natural monopoly is based on
a. diseconomies of scale
b. diseconomies of scope
c. external diseconomies
d. economic freedom
e. economies of scale
E
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For any change in net taxes, we can calculate the resulting change in equilibrium GDP by using the following formula:
a. change in GDP = -MPC/(1 - MPC) b. change in GDP = [-MPC/(1 - MPC)]? change in taxes c. change in GDP = MPC ? change in taxes d. change in GDP = MPC/(1 - MPC) e. change in GDP = [-MPC/(1 - MPC)] + change in taxes
In the long run, ________ dominate exchange rate movements
A) short-run inflation differentials B) long-run inflation differentials C) short-run relative price changes D) All of the above
According to the accelerationist Phillips curve, ________
A) expectations adjust continually to the latest information B) increases in inflation cause the unemployment gap to widen C) inflation will change so long as an unemployment gap persists D) all of the above E) none of the above
What is the price of investment? How are they related? What has to be done to increase investment?
What will be an ideal response?