During the antebellum period, most international payments were made by
(a) shipping specie.
(b) bills of exchange.
(c) credit extended by private banks in the U.S.
(d) all of the above.
(b)
Economics
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In the figure above, curve C is the ________ curve
A) average fixed cost B) average variable cost C) average total cost D) marginal cost
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When long-run average cost remains constant as output increases there are constant
A) marginal returns. B) returns to scale. C) economies of scale. D) diseconomies of scale.
Economics