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Home Q & A Board Other Fields Homework Help Business Economics
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tdd09070 tdd09070
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6 years ago
Economies of scope exist when it is less expensive to produce two or more product lines in a single firm than it is to produce them separately.
 a. True
  b. False

QUESTION 2

The Bretton Woods system
 a. established a worldwide gold standard
  b. established a worldwide system of fixed exchange rates
  c. established a worldwide system of flexible exchange rates
  d. harmonized tariff systems
  e. was restricted to industrialized nations

QUESTION 3

A horizontally integrated firm produces products in a variety of industries (e.g., General Electric, which produces jet engines, air conditioners and microwave ovens).
 a. True
  b. False

QUESTION 4

The International Monetary Fund was founded
 a. in Paris in 1938
  b. in New York in 1961
  c. in Washington in 1971
  d. in New York in 1991
  e. in Bretton Woods in 1944

QUESTION 5

If a firm experiences economies of scope, per unit production costs fall as it produces more and more of its product.
 a. True
  b. False
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amandagraceamandagrace
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6 years ago
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tdd09070 Author
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6 years ago
Thanks
lubennick
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Yesterday
You make an excellent tutor!
Morgan-C
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2 hours ago
Thanks for your help!!
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