All of the following are sources of increasing returns and economies of scale except:
A. coordination problems in large organizations.
B. network effects.
C. more specialized inputs.
D. spreading of development costs.
Answer: A
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A horizontal merger between two firms occurs when:
a. the products of the merging firms were not related in any manner before the merger. b. one firm is a producer of products, and the other firm is a producer of services. c. one firm is a domestic firm, and the other is a foreign company. d. the firms stood in a buyer-seller relationship before the merger. e. the merger partners were competitors.
According to the classical theory, inflation occurs when the annual rate of growth of the money supply is higher than the annual rate of growth of full-employment real GDP
Indicate whether the statement is true or false
The phrase “capital formation” is synonymous with
A. investment spending. B. buying shares of stock. C. creating mutual funds. D. purchasing financial assets.
the change in average price levels
What will be an ideal response?