A key assumption of new growth theory is that
A) all technological change is the result of luck.
B) higher incomes lead to a higher birth rate.
C) a successful innovator has the opportunity to earn a temporary, above-average profit.
D) the population growth rate is lower than the real interest rate.
C
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For a ________, increasing the equilibrium ________ in the retail market is the key to successful use of resale price maintenance.
A) distributor; quantity sold B) manufacturer; quantity sold C) manufacturer; price D) retailer; quantity sold
Many people prefer debit cards to checks because: a. checkbooks are not required and direct payments are made
b. checks are unsafe for use. c. debit cards delay money payments. d. using checks is time consuming. e. debit cards help account holders get a loan from the card issuer.
If two steel firms merge, the merger is described as
a. a horizontal merger b. a vertical merger c. a conglomerate merger d. either a vertical or conglomerate merger depending on whether the oligopoly is balanced or unbalanced e. either a vertical or conglomerate merger depending on the number of steel firms in the steel industry
The correlation between wages and the probability of encountering a fatal injury while on the jobs can be used to calculate the value of
A. safety. B. work. C. life. D. injury. E. risk.