The level of output at which most plant-level scale economies are exhausted is referred to as the minimum efficient scale of output

a. true
b. false

Answer: a. true

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Which of the following is defined as the quantity of a product that will be sold at various prices for a specified period?

a. demand b. market share c. supply d. revenue

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Which of the following is true of the Greek bailout in 2010?

A) The exposure of foreign banks and other institutions was the smallest in France, Germany, Britain, the Netherlands, Italy, and Belgium. B) The European Central Bank (ECB) joined with the International Monetary Fund (IMF) to offer $1 trillion in loan guarantees to Europe's banks. C) The private- and public-sector banks and other institutions of Europe and the United States lent money only to one another. D) The U.S. dollar fell dramatically, and the euro became a safe haven.

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