Environmental standards can be specified as
a. ambient standards d. all of the above
b. performance-based standards e. (a) and (b) only
c. technology-based standards
d. all of the above
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The value of the y-coordinate of a point in a graph is the length of a line from the point to the
A) origin. B) scalar. C) x-axis. D) y-axis.
International capital flows in an open economy have the effect of
A. increasing the power of fiscal policy. B. reducing the power of fiscal policy. C. reducing the power of fiscal policy in an expansion, and increasing it in a contraction. D. increasing the power of fiscal policy in an expansion, and reducing it in a contraction.
If a firm doubles all of its inputs and its output triples, it is said to be experiencing
a. diminishing marginal returns. b. increasing marginal returns. c. diseconomies of scale. d. economies of scale. e. constant average costs.
Amazon's Home Services website connects customers of appliances with professionals who can install appliances for those customers. As a result of this service, Amazon is a
A. loss leader. B. supermarket. C. platform firm. D. voluntary firm.