The loss of total market share of steel in the world market for steel can be blamed on steel producers' decisions to not adopt the latest steel technology
The producers in other countries that adopted it gained market share at the expense of the U.S. Indicate whether the statement is true or false
True
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You can either stand during a college football game or you can sit. You believe that you will see the game very well if you stand and others sit but that you will not be able to see at all if you sit and others stand. You therefore decide to stand.
A. ?equilibrium, because other fans may change their behavior. B. empiricism, because you believe you know what the other fans will do. C. optimization, because other fans are maximizing their? well-being. D. optimization, because you are choosing your best feasible option.
Most economists agree that the best rate of inflation for a stable economy would be around:
A. five to six percent. B. zero. C. seven percent. D. two to three percent.
Each of the high-growth Asian economies promoted manufactured exports
Indicate whether the statement is true or false
If the cross price elasticity of demand between two commodities is positive, then these commodities are
A. are complements. B. are substitutes. C. are inferior. D. are superior.