If a production function has two inputs and exhibits constant returns to scale, then doubling both inputs will cause the output to:

What is the main reason the Fed operates in a political arena?

A) It lacks a constitutional mandate. B) The members of the Board of Governors must run for reelection every fourteen years. C) The members of the Board of Governors are typically prominent politicians. D) It is under the direct control of Congress.

According to Adam Smith's invisible hand doctrine:

a. self-interest best serves the interests of society. b. laissez faire must be improved by government intervention. c. producers should serve the best interests of society. d. only laissez faire mercantilism best serves the interests of society.