An advantage of the household survey over the establishment survey of the labor market is that the household survey
A) omits persons employed at newly opened firms.
B) is based on actual payrolls, rather than on unverified answers.
C) includes the number of self-employed persons.
D) includes the number of discouraged workers.
Question 2
If, when a firm doubles all its inputs, its average cost of production increases, then production displays
A) economies of scale. B) diminishing returns.
C) diseconomies of scale. D) declining fixed costs.