Farmers rotate their crops between corn and soybean to increase crop yields. This behavior exhibits

a. Economies of scale
b. Economies of scope
c. Diseconomies of scale
d. Diseconomies of scope

b

Economics

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Public choice theory assumes each voter will tend to support the political candidate who offers

a. programs with the largest benefits to society. b. the highest potential for being a good leader in times of war. c. programs that create the most equal distribution of income. d. to provide the voter with the most personal benefits at the least personal cost.

Economics

In which phase of the business cycle does a recession occur?

A) contraction B) peak C) recovery D) expansion

Economics