Information supplied to consumers by the government rarely ever helps in making better decisions
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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The concept of ___________ of scale means that as the scale of output goes up, average costs of production decline.
a. economies b. focus c. advantage d. productivity
Economics
Which of the following is considered human capital? Knowledge acquired from
a. early childhood education programs b. job training c. on-the-job experience d. All of the above are correct.
Economics
In the long run:
A. per-unit costs are fixed. B. all inputs are fixed. C. all inputs are variable. D. some inputs are not variable.
Economics
A PPF is a straight line as a result of
What will be an ideal response?
Economics