Evidence generally suggests that oligopolies inhibit technological advances.
Answer the following statement true (T) or false (F)
False
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Human capital theory suggests that everyone's income reflects individual choices about investments in education and training
Indicate whether the statement is true or false
If the nominal interest rate is 4 percent and expected inflation is 2.5 percent, then what is the expected real interest rate?
a. 1.6 percent b. 10 percent c. 6.5 percent d. 1.5 percent
Which of the following is an example of a positive externality (additional social benefit)?
A. an increase in the value of land you own when a nearby development is completed B. falling property values in a neighborhood where a disreputable nightclub is operating C. the costs paid by a company to build an automated factory D. the higher price you pay when you buy a heavily advertised product
Price subsidies have no deadweight losses so long as the (uncompensated) demand curve is vertical.
Answer the following statement true (T) or false (F)