"Economies of scope" occur when
a. fixed costs are high and marginal costs are low.
b. a monopoly can produce for the entire market.
c. similar production techniques can be applied to several products.
d. costs are fully distributed.
c
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Everything else equal, if the dollar depreciates against the Chinese yuan:
A) China will stop trading with the U.S. B) China will import more from the U.S. and will export less to the U.S. C) China will export more to the U.S. and will import less from the U.S. D) the Chinese government will buy yuan from the foreign exchange market.
With this usury law in effect there is a _______ of $_______ billion.
A. surplus; 10
B. surplus; 20
C. shortage; 10
D. shortage; 20
A major reason for the existence of inflationary and deflationary gaps is that
A. corporations do most of the nation’s saving. B. saving and investing are done by people with no social conscience. C. consumers do most of the nation’s saving. D. saving and investing are done by different groups.
Refer to the table below. At a price of $6, the weekly market quantity demanded for hamburger is:
The table below shows the weekly demand for hamburger in a market where there are just three buyers.
A. 17
B. 23
C. 18
D. 24