An increase in capital increases productivity only if it is purchased and operated by domestic residents
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
The marketing of the first ballpoint pen by Milton Reynolds showed
A) that being the first firm to market a new product can result in a natural monopoly. B) that first-mover advantages can make it more difficult for new firms to enter a market and compete against the first mover. C) how important it is to receive patent protection for a new product. D) that being the first firm to market a product may not lead to a long-lived advantage over later entrants into the market.
Everything else held constant, a decrease in the cost of production ________ aggregate ________
A) increases; demand B) decreases; demand C) increases; supply D) decreases; supply
In 2010, Social Security pay-ins exceeded payouts in the U.S., for the first time in history
Indicate whether the statement is true or false
Refer to the accompanying figure. If this economy were currently operating at point D, then in order to make more movies:
A. the first productive resources to switch to making movies should be those with the highest opportunity cost of making milk. B. no productive resources would need to switch from making milk to movies because point D is already efficient. C. the first productive resources to switch to making movies should be those with the lowest opportunity cost of making milk. D. no productive resources would need to switch from making milk to movies because each resource should continue to be used according to its comparative advantage.