Economies of scale in nuclear power plants exist because of
A) more efficient plant management.
B) a better understanding of the plant's idiosyncrasies, or learning-by-doing.
C) nuclear power technology changes.
D) both A and B.
D
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Spending on programs that ________, such as Social Security and Medicare, is classified as entitlement and mandatory spending
A) is authorized only in times of budget deficits B) is authorized only in times of budget surpluses C) is authorized by Congress on an annual basis D) has been authorized by prior law
A merger between a firm extracting petroleum and a firm refining petroleum is a
A) conglomerate merger. B) diagonal merger. C) horizontal merger. D) vertical merger.
How do expectations of higher inflation become embedded in the economy and affect actual inflation?
What will be an ideal response?
If U.S. residents want to buy more foreign bonds, then in the market for foreign-currency exchange the exchange rate
a. and the quantity of dollars traded rises. b. rises and the quantity of dollars traded falls. c. falls and the quantity of dollars traded rises. d. and the quantity of dollars traded falls.