Economies of scale:
a. are the result of a diminishing marginal product.
b. pertain to the long run only.
c. refer to the increase in output that results from the increased utilization of a single input.
d. imply that the average total cost curve will fall continuously as output increases in the short run.
Question 2
The housing bubble experienced in 2006 in the U.S. was exhibited by the extraordinary rise in the ratio of prices of houses to rents on houses.
a. True
b. False
Indicate whether the statement is true or false
Sickle cell anemia. The clinical manifestations of sickle cell anemia result from pathologic changes
On November 11, 1887, four anarchists were hanged in Chicago on charges that they had thrown a bomb
Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory
These findings are from Colby and Kohlberg's long-term longitudinal study
Flexible exchange rates are supposed to prevent long-term trade deficits.