According to the writer William Gibson, "The future is already here – it's just unevenly distributed." By this he means that:
a. Internet access, for example, is available to some but not to all
b. Innovation access is readily available to all
c. The low-income countries are catching up to the rich countries
d. New technologies spread at an even pace
A
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"Learning by doing" has the effect of causing:
A) a movement down the LRAC curve. B) a movement up the LRAC curve. C) the LRAC curve to shift up. D) the LRAC curve to shift down.
College graduation rates and college attendance rates are equally strongly correlated with family income
Indicate whether the statement is true or false
Economists feel that national security concerns never provide a legitimate rationale for trade restrictions
a. True b. False Indicate whether the statement is true or false
The reason for the long-run decline of the agricultural industry is that the:
A. Increases in the demand for farm products have been greater than the increases in the supply of farm products B. Increases in the demand for farm products have been less than the increases in the supply of farm products C. Decreases in the demand for farm products have been less than the increases in the supply of farm products D. Increases in the demand for farm products have been greater than the decreases in the supply of farm products