Which among the following is the strongest determinant of an industry's technological progressiveness?
A. The scientific character of its industry and the number of technological opportunities available.
B. The size of the industry concentration ratio; the lower the ratio, the greater the firm's technological progressiveness.
C. The Herfindahl index in the firm's industry; the higher the index value, the greater the firm's technological progressiveness.
D. The amount of retained earnings in the industry.
Answer is A. The scientific character of its industry and the number of technological opportunities available.
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a. imposing taxes. b. establishing tradable permits. c. placing quotas on specific firm’s output. d. limiting exports.
Individuals who have stopped looking for work because they are convinced that they will not find a job are considered
A) discouraged workers. B) part of the labor force. C) structurally unemployed. D) underemployed.
Which of the following did NOT significantly exacerbate the banking crisis of the early 1930s?
A) the Fed's decision not to make loans to insolvent banks B) the large number of small, poorly diversified banks C) the large number of rural banks that held agricultural loans during a time of falling commodity prices D) the large amount of fraud carried out by bank managers
According to the article "Why Gold?', silver may be used as money. One problem with using silver as money is that
a. silver is too abundant. b. silver tarnishes over time. c. it is not a precious metal. d. it has a high melting point.