In which of the following cases has political corruption definitely occurred?
A. Political candidates accept campaign contributions from people
B. Government agencies impose fines for such things as traffic violations
C. A bureaucrat allows someone to look at confidential documents for an informal fee
D. A government agency receives donations for distribution to charity
C. A bureaucrat allows someone to look at confidential documents for an informal fee
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Which of the following is NOT a legal barrier to entry?
A) public franchise B) government license C) patent D) innovation
If all inputs are increased by 5 percent and output increases by 8 percent, then the
A) firm experiences constant returns to scale. B) long-run average cost curve slopes downward. C) long-run average cost curve shifts downward. D) firm experiences diseconomies of scale.