External scale economies are more likely to arise in an industry
A. in which firms readily share technology improvements.
B. in which a single firm dominates the market.
C. in which a few dominant firms compete aggressively with each other using product prices.
D. that is solely export oriented.
Answer: A
You might also like to view...
What do economists mean by an efficient tax?
What will be an ideal response?
The depression of the 1930s was
(a) the first depression in the nation's history. (b) not the first but the most serious depression in the nation's history. (c) not the first depression in the nation's history and no more serious than some of the others. (d) not as serious as the depressions of the 1840s and 1870s.
Suppose the official unemployment rate is 10 percent. We can conclude without question that:
a. one of every 10 people in the civilian labor force is currently unemployed. b. the same 10 percent of the people in the economy were out of work for the entire year. c. every person in the civilian labor force was out of work for 10 percent of the year. d. the same 10 percent of the people in the civilian labor force were out of work for the entire year.
If a 10-year Treasury bond pays 3.1 percent and a 10-year corporate bond pays 7.4 percent, what is the interest rate spread on this particular corporate bond?
A. 4.3 percent B. 7.4 percent C. 10.5 percent D. 22.9 percent