Which of the following is an example of economies of scale?
a. Output remaining constant when the number of workers increases from 50 to 100
b. Output increasing from 500 units to 600 units when the number of workers increases from 50 to 100
c. Output increasing from 500 units to 1,500 units when the number of workers increases from 50 to 100
d. Output increasing from 500 units to 900 units when the number of workers increases from 50 to 100
c
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As part of the "exchange rate effect of monetary policy," a higher money supply causes __________ of the domestic currency and thus __________ net exports
A) appreciation; rising B) appreciation; falling C) depreciation; rising D) depreciation; falling
For most industrial nations, health-care costs have increased faster than the rate of inflation
a. True b. False Indicate whether the statement is true or false