Fixed costs are fixed with respect to changes in
A) output.
B) capital expenditure.
C) wages.
D) time.
A
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According to the article, the best description of Canada's position in the business cycle is
A) at a peak. B) at a trough. C) in an expansion. D) in a recession.
In economics the true cost of making a choice is the value of what must be given up
a. True b. False Indicate whether the statement is true or false
In contrast to a recession in industrialized nations, a recession in pre-industrial nations:
A. has smaller effects on both unemployment and wage rates. B. has larger effects on both unemployment and wage rates. C. is more visible in its effects on the unemployment rate but it has a smaller effect on wage rates. D. is less visible in its effects on the unemployment rate but it has a larger effect on wage rates.
All of the following unambiguously contribute to economic growth EXCEPT
A. increase in government spending. B. increase in human capital. C. increase in labor productivity. D. increase in technology.