Which of the following causes external diseconomies of scale?
a. a downward-sloping short-run industry supply curve
b. an upward-sloping short-run industry supply curve
c. a downward-sloping long-run industry supply curve
d. an upward-sloping long-run industry supply curve
d. an upward-sloping long-run industry supply curve
Economics
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Which of the following is not an example of a public policy?
a. rent-control laws b. minimum-wage laws c. taxes d. equilibrium laws
Economics
The claim that all citizens should make an "equal sacrifice" to support government programs is usually associated with
a. the ability-to-pay principle. b. the benefits principle. c. efficiency arguments. d. regressive tax arguments.
Economics