Explain what an economy of scale is and give a specific example of one time an economy of scale benefited a country or individual company. Give a real life example of economies of scope. What are economies of scale, constant returns to scale, and diseconomies of scale? What are their simil...
Mark Mobius
Which of the following is an example of the impact of industrial innovation on society's economy? A. Decrease in production efficiency B. Increase in production costs C. Increase in market competition D. Decrease in consumer demand 相关知识点: ...
46)Free-market economy is an economic system in which individuals, rather than government, make the majority of. decisions regarding economic activities and transactions. Iadividuals are free to make economic decisions concerning their employment, how to use or accumulate capital, what expenditures to...
When a driver enters a crowded highway he increases the travel times of all other drivers on the highway. This is an example of a negative externality. ANS: T DIF: 1 REF: 10-0 NAT: Analytic LOC: Markets, market failure, and externalities TOP: Externalities MSC: Interpretive 10. When ...
For instance, they reflect the state of a nation’s trade, the health of the American economy and also the international price of gold. Until 1932 the pound, for example, was backed by reserves of gold.However, in that year Britain "went off the gold standard" and it was no longer ...
货币练习题——Chapter02 An overview of Financial System.doc,Chapter 2 An Overview of the Financial System (Multiple Choice Every financial market has the following characteristic: It determines the level of interest rates. It allows common stock to be tr
Also, based on the openness of an economy, it is classified as an open economy and closed economy, or a planned economy where the government has the entire control of the factors of production and how they will be allocated like for example in the ex-Communist countries. ...
D) Does the United States have a comparative advantage in information technology s 31、ervices?Answer: ATopic: Microeconomics and MacroeconomicsSkill: ConceptualStatus: Previous edition, Chapter 1AACSB: Reflective Thinking29) Which of the following is an example of a microeconomic decision?A) an ...
Third, how tight is the labor market? Given our mandate of maximum employment and price stability, this question is at the very core of our work. But answering it in real time in a dynamic economy as jobs are gained in one area but lost in others is remarkably challenging. In August, ...