The ability to use one resource to provide different products and services is

A) economies of scale.
B) economies of scope.
C) diversification.
D) vertical integration.

B

Economics

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The RAND Health Insurance experiment compared costs of HMOs with the costs of indemnity insurers. The study

a. confirmed the cost-saving potential of HMOs. b. Found no cost-saving by HMOs. c. the HMO had per capita costs that were 28% lower than the indemnity d. both a and c

Economics

With technological developments, more resources are discovered which change production sets for countries and make world trade more and more beneficial

Indicate whether the statement is true or false

Economics