The size of a firm relative to the size of the market can be referred to as
A) an economic profit guarantee
B) a marginal profit factor
C) core competency
D) economies of scale
D
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To economize means to
A) allocate available resources in a way that yields the most value to the economizer. B) behave in a selfish rather than generous manner. C) conserve as much as possible for future use. D) put economic theory to work. E) save rather than spend.
Protectionism saves jobs in both the specific industry being protected, as well as in other unprotected industries
a. True b. False Indicate whether the statement is true or false
Which of the following would be the best example of a final good or service?
A. a machine that GM purchased to build cars B. flour used to make pizza C. jet fuel used by United Airlines in one of its airliners D. a meal that a family makes for itself
In the market for yen, an increase in the relative safety of U.S. investments tends to
A. decrease demand. B. increase excess demand. C. increase equilibrium price. D. cause no change in equilibrium price.