Economic integration refers to the growth of market linkages in:
A) goods only.
B) labor.
C) capital and labor only.
D) goods, capital, and labor.
Ans: D) goods, capital, and labor.
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When the FOMC raises the federal funds rate, almost immediately ________, and a few weeks later the ________
A) short-term interest rates fall; quantity of money and supply of loanable funds decrease B) long-term interest rates rise; quantity of money and supply of loanable funds increase C) long-term interest rates rise; quantity of money and supply of loanable funds decrease D) short-term interest rates rise; quantity of money and supply of loanable funds decrease E) short-term interest rates fall; quantity of money and supply of loanable funds increase
List three reasons why a firm might experience economies of scale
What will be an ideal response?