Which of the following contribute to increases in productivity?
a. incentives for innovation
b. more physical capital
c. an improved education system
d. all of the above
d
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Refer to Figure 13-11. The diagram depicts a firm
A) in an increasing-cost industry. B) in long-run equilibrium. C) that is making short-run losses. D) in a constant-cost industry.
A movement along a demand curve may be caused by a change in
A) the non-price determinants of demand. B) the change in consumer expectations. C) the change in demand. D) the change in supply.
A cartel is a form of
A) collusion. B) vertical merger. C) noncooperative competition. D) negative sum game.
In the figure above, if the MPC increased, the aggregate expenditure lines would ________ and the multiplier would ________ in value
A) not change; rise B) become steeper; fall C) not change; fall D) become steeper; rise E) become less steep; rise