Production technology determines the relationship of total cost to outputs

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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Investment pools gathered from a small number of very wealthy individuals or institutions are referred to as:

A) capital investment. B) institutional savings. C) fixed deposits. D) hedge funds.

Economics

Over the years, the U.S. economy has become increasingly

A) monopolistic. B) oligopolistic. C) competitive. D) cartelized.

Economics

Write an essay on the role of Congress in U.S. trade policy since 1930

What will be an ideal response?

Economics

The law of diminishing returns explains why

a. monopolies have a guaranteed profit margin b. short-run MC and AVC curves are U-shaped c. the production possibilities curve is bowed out d. long run supply curves are downward sloping e. total product is a straight line

Economics