The more complicated the task, the greater the ability to economize on transaction costs through specialization and centralized control

Indicate whether the statement is true or false


true

Economics

You might also like to view...

The ________ the reserve ratio, the ________ the money multiplier

A) larger; larger B) smaller; smaller C) smaller; larger D) None of the above are correct.

Economics

The index of leading economic indicators: a. provide accurate information on the duration of downturns in the economy

b. virtually always predicts downturns in the economy with a lead time of six months. c. can result in a self-fulfilling prophecy if business firms respond to leading economic indicator predictions. d. provide accurate information on the depth of downturns in the economy.

Economics

An oligopolistic industry in which one firm sets the price is

a. a cartel b. a duopoly c. a monopoly d. price leadership e. a price-discriminating duopolist

Economics

If A is preferred to B and B is preferred to C, then we would expect A to be preferred to C. This property is called

Economics