The Reduction in Transactions Costs Per Dollar of Investment as the Size

question 16

Multiple Choice

The reduction in transactions costs per dollar of investment as the size of transactions increases is known as ________.

• A) discounting
• B) economies of scale
• C) economies of trade
• D) diversification

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Definitions:

Consolidation Of Power

The process by which a person or group centralizes control within a political or organizational structure, often reducing the power of other entities or individuals.

English Toleration Act

A law enacted in 1689 that granted freedom of worship to nonconformists in England, albeit with several restrictions.

Non-Puritans

Individuals in early colonial America who did not follow Puritan religious practices, which often led to diverse cultural and religious communities.

Colonial Government

The administration and governance system established in a colony by a foreign ruling power.