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.
B
Economics
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________ will lead to an increase in the gross domestic product of a country, all other variables remaining constant
A) An increase in exports B) An increase in imports C) A fall in the expenditure incurred by the government D) A fall in the expenditure on investment goods
Economics
Workers whose wages tend to adjust slowly include all of the following EXCEPT
A) those with long-term contracts. B) movie stars, professional athletes, and rock stars. C) union workers. D) unskilled, low wage workers.
Economics