A natural monopoly is likely to experience diseconomies of scale

Indicate whether the statement is true or false


FALSE

Economics

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Refer to Table 7-6. Which country has a comparative advantage in producing swords?

A) Estonia B) Morocco C) both countries D) neither country

Economics

Which of the following is not considered as a factor of production?

A) money B) machinery and equipment C) land D) unskilled labor

Economics

Regulation focused on the impact of production on the environment and society, the working conditions under which production occurs, or the physical attributes of goods, is known as

A) cost-of-service regulation. B) rate-of-return regulation. C) social regulation. D) monopoly regulation.

Economics

If a country went from a government budget deficit to a surplus, national saving would

a. increase, shifting the supply of loanable funds right. b. increase, shifting the supply of loanable funds left. c. decrease, shifting the demand for loanable funds right. d. decrease, shifting the demand for loanable funds left.

Economics