All of the following are cited as factors in explaining U.S. competitiveness EXCEPT
A) the open U.S. financial system.
B) economic restructuring.
C) investments in information technology.
D) the decline of entrepreneurship.
D
You might also like to view...
The table below shows the utility schedule for a consumer of candy bars. Candy Bars ConsumedTotal Utility001529312414515615713Marginal utility becomes negative with the consumption of the
A. sixth candy bar. B. seventh candy bar. C. fifth candy bar. D. second candy bar.
Which of the following is a price floor?
A) rent controls B) minimum wage rates C) a freeze on upward-moving gasoline prices D) college tuition caps
For every 1 percentage point that the actual unemployment rate exceeds the natural rate, a 2 percentage point negative GDP gap occurs. This is a statement of:
A. Taylor's rule. B. Okun's law. C. Say's law. D. the Coase theorem.
Answer the following questions true (T) or false (F)
1. For a perfectly competitive firm, average revenue equals marginal cost at the profit-maximizing output. 2. A perfectly competitive firm breaks even at a price equal to its minimum average total cost. 3. Maximizing average profit is equivalent to maximizing total profit.