Graphically, diseconomies to scale are illustrated by
A. a downward sloping long-run average cost curve.
B. a horizontal long-run average cost curve.
C. an upward sloping long-run average cost curve.
D. a long-run average cost curve that is shaped like an upside down U.
Answer: C
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The interest rate will fall when the
A. quantity of money demanded exceeds the quantity of money supplied. B. quantity of money supplied exceeds the quantity of money demanded. C. supply of money decreases. D. demand for money increases.
The standard way to measure the effects of debt in an economy is to look at the stock of debt relative to
A) the total budget. B) GDP. C) total government spending. D) federal tax revenue.
The dissolving of the _____________ in 1991 resulted in a "peace dividend" for the United States that enabled us to divert tens of billions of dollars a year from military spending to much more productive uses.
Fill in the blank(s) with the appropriate word(s).
Suppose that you took out a $1000 loan in January and had to pay $75 in annual interest. During the year, inflation was 6 percent. Which of the following statements is CORRECT?
What will be an ideal response?