Adolph Wagner wrote that the public sector would continuously and inevitably expand due to
a. bureaucratic self-interest.
b. the "tyranny of the status quo".
c. labor's increasing demand for social justice.
d. increasing demand for military protection from international threats.
c. labor's increasing demand for social justice.
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A monopolist will choose to increase output when
a. market price increases. b. at all levels of output, marginal cost increases. c. at the present level of output, marginal revenue exceeds marginal cost. d. the demand curve shifts to the left.
How are the fundamental economic decisions determined in Canada?
A) Individuals, firms, and the government interact in a market to make these economic decisions. B) These decisions are made by the country's elders who have had much experience in answering these questions. C) The government decides because Canada is a centrally planned economy. D) The United Nations decides because Canada is a developing economy.