If a production function has the property called __________, then doubling all inputs causes the amount of output to double as well

Fill in the blank(s) with correct word

constant returns to scale

Economics

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Which of the following correctly describes "frictional unemployment"?

A) Frictional unemployment falls in recessions and rises in expansions. B) Frictional unemployment occurs mainly during recessions. C) Frictional unemployment includes only people who are job losers. D) Frictional unemployment is a normal occurrence in a growing economy. E) Frictional unemployment includes only people who are job leavers.

Economics

The demand schedule for a good

a. indicates the relationship between the price of the good and the price of other goods. b. indicates the quantities of the good that people will buy at various prices. c. illustrates the quantity producers will provide at alternative prices. d. is determined primarily by the cost of producing the good.

Economics