Suppressed technologies
A) is what lead to the development of internet search engines.
B) means that price controls are needed for corporate control.
C) means that new inventions always are introduced by entrepreneurs.
D) means that firms often hide threatening new inventions.
D
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Income per worker has been
A) converging in both the rich countries and the poor countries. B) converging in the rich countries, but not converging in the poor countries. C) converging in the poor countries, but not converging in the rich countries. D) converging in neither the poor nor the rich countries.
Which of the following statements is true?
a. When a monopoly firm sells an additional unit of output, its revenue increases by an amount less than the price. b. When a monopolistic firm decides to increase price, its profit will increase. c. When a competitive firm sells an additional unit of output, its revenue increases by an amount less than the price. d. Average revenue is the same as price for both competitive and monopoly firms.
The absolute value of the slope of an indifference curve is called the:
A. marginal rate of transformation. B. transitivity slope. C. indifference rate of preference. D. marginal rate of substitution.
Which of the following factors influence the position of the long-run aggregate supply curve?
A. the supply of money B. government spending C. taxes D. the level of full-employment output