Economies of scale in information production are enjoyed by

Recessions are typically

A) unintended and disruptive. B) easy to predict in advance. C) the result of non-monetary disturbances. D) events economists have a hard time explaining.

When a tax is imposed and some of the lost surplus becomes tax revenues, the group that benefits is:

A. consumers. B. producers. C. recipients of government services. D. Only the government benefits from that lost surplus.