The above figure shows the long-run expansion path. The long-run ...

[Yi-Chen]

The above figure shows the long-run expansion path. The long-run average cost curve will be
 
  A) horizontal.
  B) downward sloping.
  C) upward sloping.
  D) vertical.

Question 2

Which of the following is not an advantage of fiscal federalism?
 
  a. It allows people to vote with their feet.
  b. It facilitates intergovernmental comparisons.
  c. It increases the ability of government to bargain with bureaucracies.
   d. It can limit the costs of government programs to those who benefiting from them.

[debra928]

Answer to Question 1

B

Answer to Question 2

c