Diseconomies of scale stem primarily from the difficulties in managing and coordinating a large-scale business enterprise.
a. true
b. false
Answer: a. true
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The derived demand for an input decreases when
A. the price of the input increases. B. the price of the output increases. C. the price of the input decreases. D. the price of the output decreases.
In a Dutch auction, the higher the bid, the ________ the surplus and the ________ chance of winning
A) higher; lower B) lower; higher C) higher; higher D) lower; lower
The tax deductibility of employer-provided health insurance is a primary factor in the spread of health insurance during the latter half of the twentieth century
a. True b. False
When compared to a public housing of the same value, a rent subsidy _____
a. would always make the individual better off b. would always make the individual worse off c. would make some individuals better off and some individuals worse off depending upon their preferences d. has a lower potential for fraud