When the cost of producing a unit of a good decreases as its output rate increases, there are economies of
A) scale.
B) scope.
C) production.
D) size.
A
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According to classical economists, unemployment rises in recessions due to an increase in ________ unemployment, not ________ unemployment
A) cyclical; frictional and structural B) frictional and cyclical; structural C) structural; frictional and cyclical D) frictional and structural; cyclical
Which of the following best describes trends in unionization and immigration in the 1920s?
a. Immigration was restricted and unions decreased b. Immigration was encouraged and unions increased c. Immigration was encouraged while the number of union members decreased d. Immigration was discouraged while the number of union members increased
What is another term meaning the degree of operating leverage?
a. The measure of the importance of fixed cost. b. The operating profit elasticity. c. The measure of business risk. d. D.O.L. e. All of the above.
Which of the following would encourage domestic producers to compete internationally?
a. Tax increases b. Policies that make domestic sales more attractive c. Cash payments d. Expropriation e. High-interest loans