Logrolling

question 36

Multiple Choice

Logrolling

• A) is vote trading among elected officials.
• B) eliminates the influence of special interest groups.
• C) puts downward pressure on federal spending.
• D) b and c
• E) all of the above

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Definitions:

Diseconomies of Scale

The situation where a company or business grows so large that the costs per unit increase, leading to decreased efficiency.

Long-run Total Costs

The total costs associated with the production of a certain level of output when all inputs can be varied, emphasizing the period in which no costs are fixed.

Diseconomies of Scale

Diseconomies of scale occur when a company or business grows to such a point that the costs per unit increase, opposite of achieving cost efficiencies through expansion.

Specialization

The process of focusing effort and resources on a limited number of activities to increase efficiency and productivity.