Productive efficiency implies that
A) all consumers' wants are satisfied.
B) no advance in technology will occur in the future.
C) the attainable region is greater than the unattainable region.
D) gains are impossible in one area without losses in another.
E) all of the above
D
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After increasing at more than 2 percent per year between 1950 and 1973, the growth rate of average labor productivity ________ between 1973 and 1995, and ________ between 1996 to 2007.
A. slowed; picked up B. speeded up; accelerated even more C. slowed; decreased even more D. speeded up; slowed
For panel data, ?it is best if all the years for each cross-sectional observation are adjacent and in chronological order.
Answer the following statement true (T) or false (F)
What two fiscal policy measures do you recommend to remove it?
Monopoly power in a market causes:
A. producers to worry about competition. B. monopolists to earn economic profits of zero. C. market surplus to be lost. D. consumers to gain.