If services are purchased from others that were once performed internally, then a firm has
A) downsized.
B) outsourced.
C) reduced the economies of scope.
D) experienced diseconomies of scale.
B
Economics
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Refer to Table 2-7. Which of the following statements is true?
A) Minnie has an absolute advantage in making umbrellas and Mickey in making hats. B) Minnie has an absolute advantage in making both products. C) Minnie has an absolute advantage in making hats and Mickey in making umbrellas. D) Mickey has an absolute advantage in making both products.
Economics
The primary international reserve asset in most countries is:
a. silver. b. gold. c. the euro. d. the U.S. dollar. e. the Japanese yen.
Economics