If a firms cuts inputs in half, and output falls by more than half, then there are
A) increasing returns to scale.
B) decreasing returns to scale.
C) constant returns to scale.
D) decreasing marginal returns.
A
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If the demand curve shifts outward and the supply curve remains the same, price will fall.
Answer the following statement true (T) or false (F)
Traditionally, Wall Street investment banks had been organized as ________, but by 2000 they had converted to being ________
A) sole proprietorships; partnerships B) partnerships; sole proprietorships C) corporations; partnerships D) partnerships; publicly-traded companies
Fred and Ann both decide to see the same movie when they are given free movie tickets. We know that
A) both bear an opportunity cost since they could have done other things instead of see the movie. B) both bear the same opportunity cost since they are doing the same thing. C) the cost of going to the movie is greater for the one who had more choices to do other things. D) neither bears an opportunity cost because the tickets were free.
Which groups were opposed to the Bank of the United States?
A) northeastern industrial interests
B) northeastern financial interests
C) southern and western agrarian and small-business interests
D) exporters