Discuss some of the factors that lead infant manufactured goods industries to become more efficient over time, and some of the factors that might lead them to fail to do so
What will be an ideal response?
Industries with significant learning by doing; firms threatened by a specific deadline for tariff reductions.
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Economists tend to judge a model based upon
A) the reality of its assumptions. B) the accuracy of its predictions. C) its simplicity. D) its complexity.
The word "efficient" in the term "efficient markets hypothesis" refers to the idea that
a. fundamental analysis is an efficient way to go about choosing which stocks to buy or sell. b. stock prices move upward and downward "efficiently," rather than following a "random walk.". c. the stock market is "informationally efficient.". d. companies employ officers and managers who are well-qualified to perform their jobs.
In a debate on the state of the economy Senator X pointed out that the unemployment rates for teenagers, blacks, and hispanics had increased over the last year, while Senator Y stated that the unemployment rate in the United States was at its lowest level in more than 30 years. In this example, aggregate data is being used by:
A. both senators. B. Senator X. C. neither senators. D. Senator Y.
The solvency of Social Security can be extended if
A. the tax rate is reduced. B. the cap on taxable earnings is lowered. C. the retirement age is reduced. D. the program is means tested.