The main source of diseconomies of scale is
A. specialization of labor.
B. limits to the efficient functioning of management.
C. dimensional factors associated with many physical relationships.
D. improvements in production technology.
Answer: B
Economics
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Moral hazard typically occurs because
A) people are dishonest. B) agreements sometimes create incentives that are costly to monitor. C) workers possess diminishing marginal productivity. D) workers possess adverse selection.
Economics
The First Bank of the United States
A) was disbanded in 1811 when its charter was not renewed. B) had its charter renewal vetoed in 1832. C) was fundamental in helping the Federal Government finance the War of 1812. D) None of the above.
Economics