Economies of Scale Are

question 23

Multiple Choice

Economies of scale are

• A)charges to savers and borrowers imposed by banks in exchange for reducing transactions costs.
• B)the reduction in costs per unit that accompanies an increase in volume.
• C)decreases in transactions costs that occur as information costs increase.
• D)decreases in information costs that occur as transactions costs increase.

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Definitions:

Low-Hazard Industries

Sectors or types of businesses that are associated with relatively lower risks to the safety and health of employees.

FMLA

The Family and Medical Leave Act (FMLA) is a United States federal law that provides eligible employees with unpaid, job-protected leave for certain family and medical reasons.

Similar Position

Holding a role or job that has closely related duties, responsibilities, or status to another.

Strike Picketing

The practice of workers standing outside their place of employment to protest working conditions or labor disputes.