Examlex
Diseconomies of scale are said to exist when inputs are increased by some percentage and output increases by a(n) __________ percentage, causing unit costs to __________.
Literacy
The ability to read and write at a level sufficient for communication and understanding of text.
Seasonality
Periodic fluctuations in economic or financial activity that recur with similar intensity during the same season of each year.
U.S. GDP
The total market value of all final goods and services produced within the United States in a given period, serving as a broad measure of overall economic activity.
Circular Flow Diagram
A visual model of the economy that shows how money flows through markets among households and firms, illustrating economic interactions.
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