If a firm is experiencing constant returns to scale, then the long-run average cost curve is

Low labor standards are usually associated with

A) nondemocratic governments. B) high-income countries. C) high-wage countries. D) low foreign investment.

A homeless family is given a government subsidy for an apartment in an affordable housing project. The apartment

A) is not subject to the principle of rival consumption. B) is not a public good. C) has widespread benefits and concentrated costs. D) is subject to the free-rider problem.