The BLS has recently made explicit adjustments in its CPI calculations to control for

In recent years, Taiwan has experienced increases in savings and investment. As a result of the higher investment and saving, we expect

i. increases in physical capital. ii. increases in the inflation rate. iii. advances in technology. A) i, ii and iii B) ii and iii C) ii only D) i and iii E) i and ii

Which of the following is NOT a reason a firm might experience economies of scale?

A) specialization B) dimensional factors C) increasing long-run average costs D) more productive equipment