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List and Describe Three Ways That Have Been Used to Cure

question 257

Essay

List and describe three ways that have been used to cure the mischief of factions. Which of these has been the most effective? Is it even possible to curtail the amount of money that permeates the American political system?


Definitions:

Returns to Scale

The variation in outcome that occurs when all inputs used in the manufacturing process are increased by the same proportion.

Production Function

A mathematical equation that describes the maximum amount of output a firm can produce with a given set of inputs.

Output Levels

Refers to the specific quantities of products or services generated by a business, sector, or economy during a specified period.

Returns to Scale

The rate at which output increases in response to proportional increases in all inputs.

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