Economies of scale refer to
a. costs rising as the scale of production increases.
b. costs falling as the scale of production increases.
c. output rising as the level of inputs rises.
d. the marginal product of labor diminishes as the quantity of labor increases.
B
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If the money supply increases at the same time that taxes increase, then:
a. interest rates will definitely increase. b. interest rates will definitely decrease. c. income will definitely increase. d. income will definitely decrease.
In the United States:
A. whites have higher unionization rates than African Americans. B. men have higher unionization rates than women. C. managers have higher unionization rates than transportation workers. D. workers in mining have higher unionization rates than workers in government.