Under which conditions might diseconomies of scale result?
A. improved coordination brought about by bureaucracy
B. decreasing costs of inputs
C. increasing output prices
D. increased bureaucracy
Answer: D
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Over time, the wealth of society increases and payments technologies get more efficient. What is the effect on money demand of these two changes?
A) Money demand rises proportionately to the rise in wealth. B) Money demand rises, but less than proportionately to the rise in wealth. C) The overall effect is ambiguous. D) Money demand declines.
What is the source of market power for a monopolistically competitive firm?
During the 2011 to 2012 period, the wage premium of union workers, when compared to similar nonunion workers, was approximately
a. 9 percent. b. 20 percent. c. 28 percent. d. 33 percent.
In 2017, approximately what percent of adults in the United States had not graduated from high school?
A. 4% B. 20% C. 15% D. 2% E. 8%