Which of the following transfer programs in the U.S. is funded by a national tax but administered by state governments?
a. Social security
b. Veterans' Administration Benefit program
c. Unemployment insurance
d. Food stamps
e. National Guard activities
c
Economics
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Economies of scale
A) lead to rising long-run average costs as output increases. B) occur if output more than doubles when all inputs are doubled. C) occur if output less than doubles when all inputs are doubled. D) occur when management complexity brings rising average cost.
Economics
A student wrote: "When the average product of labor exceeds the marginal product, the marginal product is increasing." If you were the instructor, how would you correct this statement?
What will be an ideal response?
Economics