A good that entails relatively high fixed costs associated with the use of knowledge and other information-intensive inputs as key factors of production is
A) a logo good.
B) a search good.
C) a persuasive good.
D) an information product.
D
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Describe the background factors that contributed to the Asian financial crisis
What will be an ideal response?
Patents and copyrights
a. are illegal in the United States b. reduce barriers to entry in markets c. protect small firms from large firms d. lead to increased output and decreased prices e. provide incentives for firms to engage in research and development
Which of the following explains why elected representatives will find borrowing to be an attractive method of financing current government programs?
a. the shortsightedness effect b. pork-barrel politics c. the invisible hand principle d. the public goods argument for government spending programs
A decrease in the growth rate of the money supply eventually causes the short-run Phillips curve to shift right
a. True b. False Indicate whether the statement is true or false