______: 2 firms doing 2 activities. If combined produce more.
Fill in the blank(s) with the appropriate word(s).
Answer: Economies of scope
Economics
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Suppose the government launches a successful advertising campaign that convinces workers with high school degrees to quit their jobs and become full time college students. This would cause
A) the labor force participation rate to decrease. B) the number of discouraged workers to increase. C) no change in the unemployment rate. D) the unemployment rate to decrease.
Economics
A player can choose among three strategies: T, M, and B. Nevertheless, strategy B is dominated by strategy T. This means that
A) strategy T is always played. B) strategy B is never played. C) strategy B will be part of a Nash equilibrium. D) strategy M is never played.
Economics