According to Christine,efficiency Can Be Improved by Avoiding

question 117

Multiple Choice

According to Christine,efficiency can be improved by avoiding:

• A) diseconomies of scale.
• B) diseconomies of scope.
• C) economies of scale.
• D) economies of scope.
• E) economies of sizE.

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Definitions:

Annual Deficit

The shortfall that occurs when a government's expenditures exceed its revenues within a one-year period.

Economy Contracting

A phase where there is a decrease in the level of economic activity within a country, often indicated by a reduction in spending, investment, and GDP growth.

Trade Deficits

A situation where a country's imports of goods and services exceed its exports within a specified time period.

Funds From Abroad

Financial resources provided to a country by foreign governments, institutions, or individuals, often in the form of loans, grants, or investments.