Based on recent research, which of the following is the most likely cause of the reduction in the rate of technological progress?
A) measurement error
B) the increase in the size of the service sector
C) a reduction in R&D spending
D) a reduction in the fertility of research
E) all of the above
D
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Any point on the lowest indifference curve is preferable to a point on a higher indifference curve.
Answer the following statement true (T) or false (F)
A __________ discount rate makes it __________ advantageous to sell securities to obtain additional reserves
A) higher; less B) lower; more C) higher; more D) None of the above.
Refer to the above figure. At a price of two cents, the quantity of bubble gum demanded will be
A) 3. B) 2. C) 4. D) 5.
The cost of trash removal goes up, in part at least, because labor productivity in auto manufacturing goes up
a. True b. False Indicate whether the statement is true or false