An internal economies of scale is defined as
A) one whose size or scale effects are not located in the firm, but in the industry.
B) one with falling costs over a specific level of output.
C) one with falling costs over a relatively large range of output.
D) one with falling costs over a relatively large range of output, but definite declining profits.
C
Economics
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Suppose a country's debt rises by 6% and its GDP rises by 5%. What happens to the debt-GDP ratio?
A) It rises if there is a budget deficit that period. B) It falls. C) It rises. D) There is insufficient information to answer the question.
Economics
Keynes assumed consumption is
A) inversely related to the rate of interest. B) directly related to disposable income. C) directly related to investment. D) less than disposable income. E) both b and d
Economics