An event that allows the economy to operate more efficiently by producing more outputs without using any more inputs is referred to as

Businesses typically issue bonds to finance

A) their inventories. B) payments to their workers. C) spending on new plant and equipment. D) dividend payments to their stockholders.

When it takes one firm in an industry to produce the quantity necessary to realize low unit costs, the industry

A) experiences economies of scale. B) has barriers to entry due to ownership of resources. C) has no barrier to entry. D) has a license granted by the government.