Which of the following cause(s) economic growth?
a. c and d.
b. d and e.
c. The production of more scarce goods
d. A technological improvement
e. The production of more capital goods
b
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If the graph shown represents Taylor's budget constraint, which of the following consumption bundles could Taylor choose?
A. Taylor cannot choose to consume any of these bundles
B. Two pairs of earrings and six hairbands
C. One pair of earrings and six hairbands
D. Four pairs of earrings and eight hairbands
Summarize the four supply factors in economic growth
Please provide the best answer for the statement.
Answer the following questions true (T) or false (F)
1. The U.S. government would never approve a proposed merger between two firms that could significantly increase the newly merged firm's market power even if the efficiency gains from the newly merged firm could make consumers better off. 2. Merger guidelines developed by the Antitrust Division of the U.S. Department of Justice use four-firm concentration ratios as measures of concentration. 3. Local or state offices of the Department of Justice usually set prices for natural monopolies in their jurisdictions.
When comparing the severity of recessions since World War II, economists focus on the ones in
A. 2001 and 2007-2009. B. 1968 and 1974. C. 1990 and 2001. D. 1982 and 2007-2009.