Economies of Scale Refers Fall in an FI's Average Costs

question 61

True/False

Economies of scale refers fall in an FI's average costs of production as its output increases.

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Definitions:

Ross Perot

An American businessman and politician known for founding Electronic Data Systems and running as an independent candidate in the 1992 U.S. presidential election.

Campaign Donations

Financial contributions given to support a candidate, political campaign, or political party.

Balanced Budget

A financial plan where total revenues are equal to or greater than total expenses, eliminating deficits.