Sources of External Economies of Scale Include

question 18

Multiple Choice

Sources of external economies of scale include

• A) larger plant size that allows the plant to take advantage of technology.
• B) larger firm size that results in volume discounts.
• C) larger industry size results in lower production costs.
• D) All of the above are correct.

Identify factors affecting aggregate demand and supply, including government spending, consumer confidence, and foreign purchases.

Distinguish between short-run and long-run perspectives in macroeconomic models.

Recognize the implications of Keynesian economics for managing recessions and depressions.

Examine the characteristics of the aggregate supply curve and conditions under which it may shift.

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