What is one possible reason a firm that produces balloons might outsource its accounting department?
A) There is no longer economies of scale.
B) There are now economies of scope.
C) There is no longer economies of scope.
D) There are now economies of scale.
C
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At least one economist has suggested that even large developing-country cities are economically too small. What argument would support this contention? How would you argue against it?
What will be an ideal response?
Which statement is true?
A. Mass production can take place without mass consumption. B. Mass consumption can take place without mass production. C. Mass production can take place without mass consumption and mass consumption can take place without mass production. D. Mass production cannot take place without mass consumption, nor can mass consumption take place without mass production.
Which one of the following will cause a movement up along an economy's saving schedule?
A. An increase in household borrowing. B. An increase in disposable income. C. An increase in stock prices. D. An increase in interest rates.
A current account surplus implies a capital account deficit.
Answer the following statement true (T) or false (F)