Average costs curves rise with production
a. Due to declining average fixed costs
b. Due to rising average fixed costs
c. Due to marginal costs being less than average costs
d. Due to rising marginal costs
d
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The classical model's theory of the interest rate does not apply in the short run
a. True b. False
School vouchers are
A. provided by the government. B. provided by private organizations. C. public funds to be used for private tuition. D. all of these answer options are correct.
When services are provided and financed by local rather than higher levels of government and people can move freely among governmental units,
A) people will be able to vote only with their ballots. B) people will be able to vote only with their feet. C) people will be able to vote with their feet (choose combinations of taxation and government services more consistent with their preferences) as well as with their ballots. D) local officials will have greater freedom to impose high taxes and provide lousy public services inefficiently.
In America, classical liberalism was abandoned for a time, following the
a) signing of the Treaty of Versailles. b) American Civil War. c) assassination of President Kennedy. d) stock market crash of 1929 and the Great Depression.