If a firm's output less than doubles when all inputs are doubled, production is said to occur under conditions of
A) increasing returns to scale.
B) imperfect competition.
C) intra-industry equilibrium.
D) constant returns to scale
E) decreasing returns to scale.
E
Economics
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In a two-period model with production, a decrease in the world real interest rate
A) increases the current account surplus and increases real output. B) reduces the current account surplus and increases real output. C) increases the current account surplus and reduces real output. D) reduces the current account surplus and reduces real output.
Economics
The Board of Governors of the Federal Reserve is part of a larger policy-making group called the
A) Senate Banking Committee. B) Federal Deposit Insurance Corporation. C) American Banking Association. D) Federal Open Market Committee.
Economics