With economies of scale came
A) larger families.
B) simpler business forms.
C) the need for management structures beyond what a family could offer.
D) fewer economies of scope.
C
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Forward contracts are of limited usefulness to financial institutions because
A) of default risk. B) it is impossible to hedge risk. C) they are relatively inflexible. D) of interest-rate risk.
The _____________ received funding from the federal government and two states
a. Chesapeake and Ohio Canal b. Erie Canal c. Pennsylvania Mainline Canal d. Cumberland and Oxford Canal
Assume that the central bank increases the reserve requirement. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the real GDP and reserve-related (central bank) transactions in the context of the Three-Sector-Model?
a. There is not enough information to determine what happens to these two macroeconomic variables. b. Real GDP falls, and reserve-related (central bank) transactions become more negative (or less positive). c. Real GDP rises, and reserve-related (central bank) transactions becomes more positive (or less negative). d. Real GDP and reserve-related (central bank) transactions remain the same. e. Real GDP falls, and reserve-related (central bank) transactions remain the same.
One reason stagflation is difficult to recover from is because:
A. less output requires less inputs to be hired. B. prices tend to adjust more quickly downward than upward. C. wages are sticky downward. D. input prices increase with output prices.