The creation of new property forms (such as privatizing a public beach) is one answer to __________ because it would reduce _________
a. government failure; market failure
b. market failure; government failure
c. the creation of third parties; public choice
d. dealing with externalities; the number of third parties
e. the inefficiencies of the market; special interests
D
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Over the past twenty years, the number of small family farms has fallen significantly and in their place there are fewer, but larger, farms owned by corporations. Which of the following best explains this trend?
A) diminishing returns to labor in farming B) declining productivity C) diseconomies of scale in farming D) economies of scale in farming
_____ is when the total amount of taxes collected as a result of a tax reform is unchanged
a. Revenue enhancing tax reform b. Revenue neutral tax reform c. Comprehensive constant tax reform d. Comprehensive tax reform