When households have very low savings ________
A) investment decreases
B) they are less able to cope with severe economic downturns
C) bankruptcies increase
D) all of the above
E) none of the above
D
Economics
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In the long run, constant returns to scale necessarily occur when the firm increases its production and the firm's
A) total cost increases. B) total cost does not change. C) average total cost increases . D) average total cost does not change. E) production increases by more than does the firm's total cost.
Economics
An increase in nominal U.S. GDP necessarily implies that the United States is producing a larger output of goods and services
a. True b. False Indicate whether the statement is true or false
Economics