Falling energy prices could explain rising labor productivity in the 1990s
A. and the 1980s.
B. and the 1970s.
C. but not the 1980s.
D. but not the 1970s.
Answer: C
Economics
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Suppose a company that produces furniture wax branches out into producing a dusting product like Lemon-Dust-Away. If this expansion is efficient, the company must
a. benefit from vertical integration b. benefit from horizontal integration c. experience economies of scale d. experience economies of scope e. have no transaction costs
Economics
The First Welfare Theorem holds that the allocation of goods resulting from competitive prices is "efficient," which is the equivalent of "equitable."
Answer the following statement true (T) or false (F)
Economics