A long line at the campus bookstore at the beginning of the term is an example of
A) price rationing.
B) an ineffective price ceiling.
C) a non-price rationing device.
D) an ineffective price floor.
Answer: C
Economics
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________ occur when the average total cost falls as the quantity produced increases
A) Increasing marginal returns B) Decreasing marginal returns C) Economies of scale D) Diseconomies of scale
Economics
Explain how an economy which is presently above its balanced growth path will converge back to its balanced growth path?
What will be an ideal response?
Economics