If a product exhibits increasing returns to scale, then the average cost of making the product will ______ as its production decreases?
a. increase.
b. decrease.
c. remain the same.
d. there is insufficient information provided to answer the question.
b. decrease.
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________ and ________ are the largest sources of revenue collected by the federal government
A) Individual income taxes; corporate income taxes B) Individual income taxes; social insurance taxes C) Excise and other taxes; individual income taxes D) Corporate income taxes; excise and other taxes
People who can earn higher market wages, other things constant, will
a. provide more labor to nonmarket work b. be more inclined to supply their labor to market work than to nonmarket work c. be more inclined to supply their labor to nonmarket work than to market work d. provide more labor to nonmarket work even if the market can provide the services more cheaply e. provide less labor to market work and more labor to nonmarket work
The welfare rolls today are
A. much higher than they were in 1994. B. A little higher than they were in 1994. C. a little lower than they were in 1994. D. much lower than they were in 1994.
According to Bill Gates, from the World View article titled "The Way We Give: Philanthropy Can Step In Where Market Forces Don't," more than 90 percent of the money devoted to health research is spent on those who
A. Are balding. B. Have malaria. C. Are the healthiest. D. Live in developing countries.