The minimum efficient scale is same across all industries irrespective of the types of goods they produce
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Marvin’s country has a very small amount of capital. If his country adds a single unit of capital, the result will be a relatively ______ in output.
a. large decrease b. minor increase c. large increase d. minor decrease
Economics
Discuss the determinants of a nation's exchange rate value for its currency in foreign exchange markets. What happens to a nation's balance of trade if the nation's currency appreciates? Why?
What will be an ideal response?
Economics