Economies of scale may arise from which of the following activities?

a. Doubling promotional expenses to expand sale more than proportionately.
b. Having a larger retail space can expand sales more than proportionately.
c. Government economic subsidies protect firms from competition to avoid losses.

Which statement best defines tuition? tuition is federal money awarded to a student. tuition is aid given to a student by an institution. tuition is money borrowed to pay for an education. tuition is the price of attending classes at a school.

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.