Mathematics · Economic History and Scale
Which choice completes the text with the most logical and precise word or phrase? Some economic historians ______ that late nineteenth- and early twentieth-century households in the United States experienced an economy of scale when it came to food purchases-they assumed that large households spent less on food per person than did small households. Economist Trevon Logan showed, however, that a close look at the available data disproves this supposition.
- 1regretted
- 2questioned
- 3contrived
- 4surmised✓
Correct answer
surmised
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