Specialization in production
a. raises productivity.
b. requires money.
c. stimulates exchange.
d. All of the above are correct.
d
Economics
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The use of expansionary fiscal and monetary policy just prior to elections is known as the ________
A) electoral college B) time-inconsistency problem C) Watergate scandal D) political business cycle
Economics
Refer to the diagram for a monopolistically competitive producer. This firm is experiencing:
A. a shortage of production capacity.
B. excess capacity of CD.
C. excess capacity of DE.
D. diseconomies of scale.
Economics