When business firms get to be too big, they are suffering from ____________________.
Fill in the blank(s) with the appropriate word(s).
diseconomies of scale
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We shouldn't be concerned about U.S. currency held abroad because
A) the currency will never return to the United States. B) foreigners use it to buy U.S. bonds. C) it represents an interest-free loan to the United States. D) foreigners can't spend it in their own countries.
Barriers to Riches, by S. Parente and E. Prescott, emphasizes the importance of
A) barriers to technological adoption. B) barriers to the development of natural resources. C) public education. D) endogenous growth.
The statutory incidence of the tax means who:
A. is legally obligated to pay the tax to the government. B. actually loses surplus as a result of the tax. C. bears the burden of any sort of tax. D. gains surplus as a result of the government redistributing tax revenue.
When outcomes are uncertain
A) people always look for the sure thing. B) people are willing to pay risk premiums. C) people often need to be paid a risk premium before they take a certain course. D) none of these choices.