Technological innovations are not necessarily major scientific breakthroughs.
Answer the following statement true (T) or false (F)
True
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In the above figure, the economy is at point A. Then the price level falls to 90 while the money wage rate does not change. Firms will be willing to supply output equal to
A) less than $16.0 trillion. B) $16.0 trillion. C) more than $16.0 trillion. D) Without more information, it is impossible to determine which of the above answers is correct.
The outcome of a prisoners' dilemma game with a Nash equilibrium is that ________
A) both players deny B) one player denies and one player confesses C) both players confess D) there is no equilibrium
In the above figure, using the slope across an arc, the slope of the curve between points b and c is
A) 1/3. B) -1/3. C) 3. D) -3.
Normative analysis:
A. involves the formulation and testing of hypotheses. B. is a value-free evaluation of a policy. C. is a matter of values and opinions. D. examines if the policy actually accomplished its goal.