During the antebellum period, factories grew, in part, due to internal economies of scale
Indicate whether the statement is true or false
True
You might also like to view...
The main source of economies of scale is
A) better management. B) constant returns to plant size. C) specialization. D) long-run cost curves eventually sloping downward. E) increases in the labor force not matched by increases in the plant size.
The PE ratio is a measure of how highly a stock is valued relative to its current earnings
a. True b. False Indicate whether the statement is true or false
Rent controls tend to cause persistent imbalances in the market for housing because
a. Quantity demanded exceeds quantity supplied but price cannot rise to remove the shortage. b. Quantity demanded exceeds quantity supplied but price cannot fall to remove the surplus. c. Quantity supplied exceeds quantity demanded but price cannot rise to remove the shortage. d. Quantity supplied exceeds quantity demanded but price cannot fall to remove the surplus.
If the error term is correlated with any of the independent variables, the OLS estimators are:
A. biased and consistent. B. unbiased and inconsistent. C. biased and inconsistent. D. unbiased and consistent.