Which of the following is not a source of economies of scale?
a. Division and specialization of labor.
b. Increase in output.
c. More efficient use of capital.
d. All of the above.
e. Centralized marketing.
d
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The tax burden in the United States, measured as a percentage of GDP, represents a much larger share spend compared to most other industrialized nations.
Answer the following statement true (T) or false (F)
If the aggregate price level ________, but nominal wages stay fixed, labor demand ________
A) falls; remains unchanged B) rises; falls C) rises; remains unchanged D) falls; falls
A capital inflow occurs when:
A. money saved domestically is invested in another country. B. money saved in another country finances domestic investment. C. there is a negative difference between capital inflows and capital outflows for a country. D. there is a positive difference between capital inflows and capital outflows of a country.
Demand curves often do not remain stationary; they shift because of changes in other variables
a. True b. False Indicate whether the statement is true or false