Economies of scope exist between book publishing and magazine publishing if
A) the cost of publishing a magazine is lower for book publishers than for other firms.
B) the cost of publishing a magazine is lower for firms that publish many magazines than for firms that publish only one magazine.
C) the cost of publishing a book falls over time as the publisher acquires more experience.
D) the cost of a publishing a book is not subject to diminishing marginal returns.
A
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Historically, controlling who was able to vote was an important tool:
A. for those who wanted to keep other groups out of power. B. to discourage some from participating in policy making. C. to attract greater participation in the political system. D. for those seeking to create policy that was beneficial for all.
To be useful, a model must
A) predict accurately all of the time. B) predict more accurately than other models that have been developed. C) have assumptions that have been verified by empirical testing. D) predict the behavior of every individual.
Refer to the information provided in Figure 29.1 below to answer the question(s) that follow.
Figure 29.1Refer to Figure 29.1. If the economy is actually at Point C but policy makers think that it is still at Point B, this is an example of
A. response lag. B. economic policies ineffectiveness. C. implementation lag. D. recognition lag.
Some economists argue that corporate income taxes are typically not paid by firms, but by
A) stockholders, employees, and consumers. B) the government. C) bond holders. D) the board of directors of the firm.