All of the following contributed to the downfall of the Soviet Union in 1991 except
A) lack of high-quality goods and services.
B) public dissatisfaction with low living standards and political repression.
C) an inability to produce low-cost consumer goods that households wanted.
D) lack of a strong dictator who could coordinate economic activities.
D
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Explain why a comprehensive tax reform that aims to eliminate loopholes while promising to lower rates for everyone is the best opportunity for an efficiency-enhancing tax reform
What will be an ideal response?
A large aircraft manufacturer, like Boeing, may have a cost advantage over a new smaller manufacturer because of:
A. diseconomies of scale. B. economies of scale. C. diminishing returns to a fixed factor of production. D. the principal agent problem is generally less severe for larger firms.