Author Question: Economies of scope is the term used to describe an industry that is composed of firms having ... (Read 73 times)

arivle123 · **on:** Jun 30, 2018

Economies of scope is the term used to describe an industry that is composed of firms having substantial economies of scale.
a. True
b. False

Question 2

Under the Bretton Woods agreement,
a. nations could not adjust their exchange rates relative to the dollar for any reason
b. currency values were based on a market basket of European currencies plus the dollar
c. the world monetary system operated exactly like the gold standard of pre-World War II years
d. the dollar was selected as the key reserve currency
e. gold played no role