Public choice theory focuses on the economics of:
A. fiscal and monetary policy.
B. the behavior of business firms.
C. antitrust and regulatory policy.
D. government decision making, politics, and elections.
Answer: D
Economics
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The primary motivation for private foreign investment in developing nations is
A) to eradicate poverty. B) to improve the standard of living for workers. C) the potential for high rates of return. D) to do research in countries with fewer social regulations.
Economics
In the short run, ATC is not always higher than
a. AVC b. AFC c. MC d. Zero
Economics