A food company trying to increase its profits by expanding in to the soft drinks business is an example of
a. Economies of scale
b. Economies of Scope
c. Diseconomies of Scale
d. Diseconomies of Scope
b
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Which of the following statements is true?
A) Capitalism has a tendency to eliminate scarcity. B) Competition could be eliminated if money were abolished. C) Competition is desirable and cooperation is undesirable. D) Greed must be present for a market transaction to be effective. E) None of the above.
During a recession, when unemployment is rising, the number of new jobs created is, typically, ________
A) large, but smaller than the number of jobs lost B) small, and below the number of jobs lost C) small, but higher than the number of jobs lost D) large, but smaller than net entrants to the labor force
Differences in growth rates and standards of living around the world can largely be attributed to ______.
a. natural resources b. labor productivity c. population size d. innovation
The largest single component of aggregate demand is ______.
a. investment spending b. exports c. disposable income d. consumption