If diseconomies of scale are present and the firm ________ all its inputs, its output ________
A) doubles; more than doubles
B) doubles; less than doubles
C) increases; increases by the same percentage
D) halves; doubles
B
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Suppose you need an estimate of future inflation (to decide, for example, whether a particular security is a good investment). How might you formulate a rational expectation?
What will be an ideal response?
Which of the following best defines positive externalities?
a. Beneficial spillovers to a third party b. Monetary benefits to stakeholders c. Dollar values of societal benefits d. Rates of return for innovators
Which of the following has the effect of being a built-in stabilizer for the economy?
A. Progressive income tax B. Welfare programs C. Unemployment compensation D. All of the choices are correct
In many years, off-farm income at the national level is ________ than net farm income
Fill in the blank(s) with correct word