A factory increases its output by assigning workers to specific tasks, thus reducing the average cost. This is a situation of economies of scale

A Chinese restaurant wants to expand its business by acquiring a neighboring dry cleaner. In this case,

A) eminent domain would likely be used to reduce transactions costs. B) eminent domain would likely be used to reduce the holdout problem. C) eminent domain would not likely be used. D) eminent domain would likely be used because this transaction would increase cooperative surplus.

If the average price level in 1991 was 1.20 relative to the base year in 1986, then a dollar in 1991 bought 20 percent more goods and services than a dollar in 1986

a. True b. False Indicate whether the statement is true or false