By 1830 home manufacture had declined significantly due to:
a. increased industrial organization.
b. increased tariffs.
c. advances in transportation.
d. Both a and b are correct.
e. Both a and c are correct.
e. Both a and c are correct.
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Which of the following is true about total factor productivity (TFP)?
A) it can be measured just like capital and labor B) it cannot be directly measured so it has to be calculated from given values of capital, labor and output C) while it cannot be measured directly, it has an exponent of 0.3 in the Cobb-Douglas production function D) while it cannot be measured directly, it has an exponent of 0.7 in the Cobb-Douglas production function E) none of the above
The evidence on mergers occurring within the hospital industry suggests that
A) efficiency gains that resulted have been passed on to customers through lower prices. B) the mergers have tended to not have any significant effect on hospital prices. C) prices have risen slightly as some efficiency gains are passed on to customers after mergers. D) prices have risen after mergers.
How does a central bank's accommodation of an adverse supply shock change the long-run results of the shock?
Which is more preferred between a cash gift and an in-kind gift?
A. Both are equally preferred. B. A cash gift. C. An in-kind gift. D. None of the statements is correct.