As the confectionary, Mrs. Fields' Cookies, gained popularity in California and decided to expand its operations to Utah, it was able to achieve economies of scale. This means that:
a. property taxes were lower in its new location in Utah.
b. transport and communication systems were more developed in Utah.
c. wages were higher in Utah compared to California.
d. expansion of output and firm size led to specialization among the workers.
e. government policies were more favorable in Utah.
d
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The National Banking Acts of 1863 and 1864 gave the federal government power to do all the following except _____.
(A) Require banks to hold gold and silver reserves. (B) Seize the assets of any individual. (C) Charter banks. (D) Issue a single national currency.
The demand curve for bonds would be shifted to the left by an
A) increase in wealth. B) increase in expected returns on bonds. C) increase in expected inflation. D) increase in the liquidity of bonds relative to other assets.