Do inventions have to be major technological breakthroughs to affect the efficiency of producing goods? Explain
What will be an ideal response?
No. Small changes in methodology can increase productivity or improvement to an existing machine can make it more productive.
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Direct controls have traditionally been used heavily to control pollution in the United States.
Answer the following statement true (T) or false (F)
Perfectly elastic demand is represented by a demand curve that
A) is vertical. B) is horizontal. C) has a 45° slope. D) is a rectangular hyperbola.
In its original role as lender of last resort, the Fed was supposed to: a. provide mortgage money for the poor
b. keep the money supply from drying up during economic panics. c. lend money to people in localities not served by commercial banks. d. lend money to developing nations whose own central banks had failed.
Superstars arise in markets in which every customer in the market is able to enjoy the good supplied by the