Economies of Scale

question 98

Multiple Choice

Economies of scale:

• A)Is another term for constant returns to scale.
• B)Are cost advantages achieved as a result of large-scale operations.
• C)Only come in pecuniary forms.
• D)Are the same as decreasing returns to scale.

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Definitions:

Political Action Committee

A Political Action Committee (PAC) is an organization that collects political donations from members and donates those funds to campaign for or against candidates, legislation, or initiatives.

Charitable Contribution

A gift or donation made to a non-profit organization, which can often be used as a tax deduction by the donor.

Synagogue

A Jewish house of worship and community gathering place.

Home Equity Indebtedness

Home equity indebtedness refers to loans secured by the taxpayer's home, where the proceeds are not necessarily used to buy, build, or substantially improve the home.