Which of the following explain(s) better the fact that computers are cheaper now than 10 years ago?
a. c and d.
b. c and e.
c. The technology used in the production of computers has improved during this period.
d. Resources used in the production of computers have become cheaper during this period.
e. The demand for computers has increased substantially during this period.
a
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The period between ________ is commonly regarded by economists as a "golden age" of rapid productivity growth in the United States
A) 1898 and 1929 B) 1920 and 1940 C) 1933 and 1965 D) 1948 and 1973
Many theaters sell empty seats at a deep discount just before show time. What economic concept is displayed by this behavior?
A. Consumer demand B. Sunk costs C. Price optimization D. Thinking at the margin
For an open economy, the equation Y = C + I + G + NX is an identity. If we define national saving, S, as the total income in the economy that is left after paying for consumption and government purchases, then for an open economy, it is true that
a. S = I. b. S = 0. c. I = S + NX. d. S = I + NX.
A firm's decision about the size of its new factory The effects of the Internet on the pricing of used cars A consumer's optimal choice when buying a flat-screen
What will be an ideal response?