A car leasing company that expands its size by buying its competitors may run the risk of increasing production costs due to
a. diseconomies of scale.
b. economies of scale.
c. diminishing returns.
d. greater use of large-volume purchases.
A
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The three duties of government, according to Adam Smith, are (1) _____, (2) _____ and (3) _____.
Fill in the blank(s) with the appropriate word(s).
Right-to-work laws enacted in some states prohibit
A. open shops. B. union shops. C. both open shops and union shops. D. neither open shops nor union shops.
Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
A tax imposed by the U.S. government on imported Chinese frozen shrimp would be an example of
A. a voluntary restriction. B. a quota. C. a tariff. D. a regulatory trade restriction.