A technological advance may come in either the form of a product or a process innovation
a. True
b. False
Indicate whether the statement is true or false
True
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An oligopolistic industry in which one firm sets the price is
a. a cartel b. a duopoly c. a monopoly d. price leadership e. a price-discriminating duopolist
For the two year period ending in 2008-2009, what has been the number of bank failures?
a. About 500 b. About 2,000 c. Fewer than 150 d. More than 5,000 e. Fewer than 1,000
If the dollar price of the English pound goes from $1.50 to $1.20, the dollar has
a. appreciated, and Americans will find English goods cheaper. b. appreciated, and Americans will find English goods more expensive. c. depreciated, and Americans will find English goods cheaper. d. depreciated, and Americans will find English goods more expensive.
Which of the following is an accurate comparison between graph 1 and graph 2?
a. Changes in demand cause less of a shift in equilibrium points in graph 1 than in graph 2.
b. Changes in demand cause more of a shift in equilibrium points in graph 1 than in graph 2.
c. Changes in demand will increase RGDP more in graph 1 and price more in graph 2.
d. Changes in demand will increase price more in graph 1 and RGDP more in graph 2.