One reason larger governments might be preferable to smaller ones is _____
a. diminishing marginal utility
b. intergovernmental competition
c. economies of scale
d. the flypaper effect
c
Economics
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Refer to the above table. The change in income in round two will be:
Answer the following question based on the table below which illustrates the multiplier process resulting from an autonomous increase in investment by $5.
A. $0.94
B. $2.81
C. $3.75
D. $4.00
Economics
If the opportunity costs of producing a good increase as more of that good is produced, the economy's production possibility frontier will be
A. a negatively sloped straight line. B. negatively sloped and "bowed inward" toward the origin. C. negatively sloped and "bowed outward" from the origin. D. a positively sloped straight line.
Economics