The more complicated a task, the greater the ability to economize on ________ through specialization and centralized control

A White House proposal to increase infrastructure spending on roads, rail lines and runways is an example of

A) expansionary fiscal policy. B) insourcing policies. C) automatic stabilization. D) contractionary fiscal policy.

Consider an unregulated monopoly in Figure 13.2. If we look at the firm's long-run average cost, the firm is exhibiting:

A. diseconomies of scale. B. diminishing returns. C. economies of scale. D. increasing returns.