Technological advances that contribute to economic growth include the following, except:
A. Innovative production techniques
B. New managerial methods
C. Innovative digital gadgets for consumers
D. New forms of business organization
C. Innovative digital gadgets for consumers
You might also like to view...
According to the article, ________ can be expected to ________ this year
A) exports; increase B) consumption; decrease C) imports; decrease D) net interest income; decrease
Suppose there is a simultaneous increase in the demand for wheat and increase in the supply of wheat. Which of the following will occur as a result of these simultaneous events?
A) Both the market clearing price and equilibrium quantity will rise. B) The market clearing price will fall, but the equilibrium quantity will rise. C) The market clearing price may rise, fall, or stay the same, but the equilibrium quantity will rise. D) The market clearing price will fall, but the equilibrium quantity may rise, fall, or stay the same.
According to the graph shown, if this economy were an autarky, consumers would get area______ in consumer surplus:
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. A.
B. ABC.
C. ABCDE.
D. ABCDEFG.
Conditional probability of event A given that event B has already occurred is represented as the ratio between Pr[A and B] and Pr[B]
Indicate whether the statement is true or false