Economies of Scale Are Also Called Increasing Returns to Scale

question 76

True/False

Economies of scale are also called increasing returns to scale.

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Definitions:

Parenting Quality

A measure of the behaviors and actions of parents towards their children, which directly or indirectly influence the child’s psychological and emotional development.

Childcare

The care and supervision of a child or children, typically from infancy to adolescence, by a person other than the child's legal guardians.

Postconventional

A stage in Kohlberg's theory of moral development where individuals' moral reasoning is based on internal principles that transcend societal and legal norms.

Severe Drought

A prolonged period of significantly below-average precipitation, leading to water shortages, crop failure, and adverse ecological impacts.