New growth theory emphasizes all of the following EXCEPT
A) technology.
B) import restrictions.
C) research and development.
D) innovation.
B
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The following table shows the relationship between the speed of a computer's CPU and its benefits and costs. Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed below are available for purchase.CPUGHzTotal BenefitMarginal BenefitTotal CostsMarginal Costs2.0$1,000 $900 2.5$1,400 &1003.0 $300$1,200 3.5$1,900 &1,500 4.0$2,000 &400The total cost of a 2.5GHz computer is:
A. $200. B. $900. C. $1,000. D. $100.
The current cost of a market basket of goods is $9,000 . The cost of the same basket of goods in the base year was $3,000 . The current price index is:
a. 900. b. 300. c. 166. d. 33.
Which of the following might be said by a supporter of advertising?
a. “Advertisers assume people make rational choices.” b. “Advertisers focus on what producers need to sell.” c. “Advertisers often provide misleading information about products.” d. “Advertisers camouflage the differences between products.”
Labor productivity is defined as
A. the amount of input per worker. B. the amount of workers per unit of input. C. the increase in output per unit of machinery. D. the amount of output per worker.