Advancements in information technology can be used to explain the
A. reductions in energy usage.
B. increases in energy usage.
C. productivity improvements in the United States.
D. productivity slowdown of the early 2000s in the United States.
Answer: C
You might also like to view...
If a firm is able to influence its price,
A) it is a monopoly. B) it has constant marginal revenue. C) it sells its output at a constant price. D) it faces a downward-sloping demand curve.
Taxes are costly to market participants because they
a. transfer resources from market participants to the government. b. alter incentives. c. distort market outcomes. d. All of the above are correct.
The seller's investment value is the ____________ he or she would be willing to accept.
Fill in the blank(s) with the appropriate word(s).
The marginal rate of substitution is measured along
A) the demand curve. B) the total utility curve. C) a given indifference curve. D) a given budget line.