A production possibilities frontier that is a bowed-inward line implies
A) economies of scale.
B) diseconomies of scope.
C) economies of scope.
D) no economies of scope.
B
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By the first years of the 21st century, the rate of inflation in the United States had fallen to between ________ percent
A) 1 and 2 B) 4 and 5 C) 5 and 6 D) 8 and 10
Foreign exchange risk is
A) a financial strategy that reduces the change of suffering losses arising from foreign exchange risk. B) an exchange rate arrangement in which a country pegs the value of its currency to the exchange value. C) the possibility that changes in the value of a nation's currency will result in variations in the market value of assets. D) active management of a floating exchange rate on the part of a country's government.
Which one of the following reduces inequities resulting from the public debt?
a. regressive tax system b. bond purchases by the Federal Reserve c. 30-year Treasury securities d. progressive income tax system e. private savings
In theory, placing a price control on a natural monopoly should:
A. reduce deadweight loss to zero. B. create negative economic profits for the company. C. be easy for government to figure out because of easily accessible information. D. have the same outcome as public ownership.