Internal economies of scale occur at the ________ levels.
A. plant and industry
B. plant and firm
C. firm and industry
D. plant, firm, and industry
Answer: B
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If firms successfully gather information about consumers before offering them insurance, and if this leads to a separating equilibrium, efficiency is restored.
Answer the following statement true (T) or false (F)
Refer to the scenario above. Maria should submit a bid of ________
A) $300 B) $150 C) $200 D) $250
Discouraged workers are included in labor force figures, but not in unemployment figures
a. True b. False Indicate whether the statement is true or false
All of the following would be potential problems if developing nations around the world emphasized export promotion EXCEPT
A) industrial nations may be unable to absorb the exports of many newly industrializing nations. B) it would be much harder to emphasize exports under the WTO framework if the emphasis in exports requires some kind of subsidies. C) export growth may not add to GDP if it crowds out growth in output of goods for domestic consumption. D) current research has clearly established that there is no causal connection between exports and faster economic growth.