Guiding the market through strategic coordination of business investments to increase export market shares is known as
(a) development planning.
(b) industrial policy.
(c) shifting terms of trade.
(d) all of the above.
(e) none of the above.
B
Economics
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If a firm experiences economies of scale as it expands production, then:
a. it is not subject to diminishing returns. b. its marginal cost curve will be downward sloping in that range. c. its marginal product curve will be downward sloping in that range. d. its long-run average total cost curve will be downward sloping in that range.
Economics
The size of a family or household does not affect the data used to measure income inequality
a. True b. False Indicate whether the statement is true or false
Economics