The software industry has traits in common with monopoly markets.
Answer the following statement true (T) or false (F)
True
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Which statement is true?
A. There was a great deal of stagflation in the 1960s. B. We had full employment for most of the 1980s. C. We have had twelve recessions since the beginning of 1945. D. None of the choices are true.
The age of mass consumption arrived in the decade of the ________.
Fill in the blank(s) with the appropriate word(s).
Adverse selection may lead to
a. owners of used cars choosing to keep them rather than sell them at the low price that skeptical buyers are willing to pay. b. wages being stuck above the level that balances supply and demand, resulting in unemployment. c. buyers with low risk choosing to remain uninsured because the policies they are offered fail to reflect their true characteristics. d. All of the above are correct.
In the study of economics, investment means:
a. the effect of stock prices on the production possibilities curve. b. the accumulation of capital that is used to produce goods and services. c. owning stocks and bonds. d. the principle that the opportunity cost increases as the production of one output expands.