True or False i. The presence of economies of scale make it is easier to achieve...

True or False i. The presence of economies of scale make it is easier to achieve expansions of RGDP through increasing economic resources. j. Once it joined the Euro, Greece lost the use of both Monetary Policy and Exchange Rate changes to deal with problems in its economy. k. When a country in financial difficulty has obtained a bailout program from the IMF, it receives funds regardless of its economic performance or policies. l. PPP adjustment to converting a non-US country’s GDP into Dollars generally raises the country’s GDP when prices in the non-US country are lower than in the United States.

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Rahul Sunny answered 2 years ago

DISTINGUISH BETWEEN ECONOMIES OF SCALE AND DISECONOMIES OF SCALE TRUE OR FALSE. A PRODUCER CAN OPERATE...

DISTINGUISH BETWEEN ECONOMIES OF SCALE AND DISECONOMIES OF SCALE TRUE OR FALSE. A PRODUCER CAN OPERATE IN THE SITUATION IN WHICH PRICE IS LESS THAN AVERAGE VARIABLE COST. WHAT FOUR BASIC CONDITIONS CHARACTERIZE A COMPETITIVE MARKET? WHAT IS ECONOMIC PROFIT? CAN A FIRM IN A COMPETITIVE INDUSTRY EARN ECONOMIC PROFIT?

Economies of scale can reward a company for growing. If the firm can achieve economies of...

Economies of scale can reward a company for growing. If the firm can achieve economies of scale, the average costs of a unit of production (of either a physical good or a “unit” of service) goes down as the company grows. What is the role of “fixed costs” in this? Please use a graph to support your answer.

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Trade in the presence of external scale economies leads to prices that are lower than the...

Trade in the presence of external scale economies leads to prices that are lower than the prices in only one of the trading partners before trade. True or False? Justify your answer with an appropriate diagram

TRUE OR FALSE WITH REASONS 1. A sudden stop will be easier to navigate if the...

TRUE OR FALSE WITH REASONS 1. A sudden stop will be easier to navigate if the country borrows internationally in foreign currencies and lend locally in its domestic currency. Answer: Reason: 2. Capital inflows are desirable because they increase investment in a country. Answer: Reason: 3. All financial account transactions are linked to current account transactions, since the current and financial accounts are mirror images of each other. Answer: Reason: 4. When an economy is closely tied to another, larger...

Companies can achieve economies of scale by expanding into international markets because of production costs increase....

Companies can achieve economies of scale by expanding into international markets because of production costs increase. true or false

What are economies of scale? Where do the economies of scale for Maruti come from?

1. Cartels provide uniform management, but none of the advantages of economies of scale. a. true...

1. Cartels provide uniform management, but none of the advantages of economies of scale. a. true b. false 2. Price leadership may sometimes be an example of covert collusive behavior by oligopolies. a. true b. false 3. An oligopoly will always use game theory to maximize sales rather than profits. a. true b. false 4. Under perfect competition and monopolistic competition, profits are zero in long-run equilibrium. a. true b. false 5. The entry of new firms into a monopolistically...

1. What are economies of scale? How do economies and diseconomies of scale influence the shape...

1. What are economies of scale? How do economies and diseconomies of scale influence the shape of the long run cost curves? How do economies of scale relate to indivisible setup costs? What are diseconomies of scale and how do they arise?

How do economies of scale impact trade? What are the different types of economies of scale?

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