Which one of the following would cause a rightward shift in the demand curve of digital cameras?
A) Digital cameras become easier to use.
B) The price of digital cameras decreases.
C) Production methods are modified to make production of digital cameras more efficient.
D) Government regulations are imposed to limit the number of digital cameras imported.
Answer: A
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The judicial doctrine, being a monopoly or attempting to monopolize is not in itself illegal; to be illegal, an action had to be shown to have negative economic effects, is called:
a. the "big is bad" policy. b. the per se rule. c. predatory price-cutting policy. d. the rule of law. e. the rule of reason.
Economic models simplify reality and help us to better understand important aspects of it
Indicate whether the statement is true or false
Contestable markets require that there be multiple participants in the marketplace
Indicate whether the statement is true or false
Which of the following statements is correct?
a. Productivity is a determinant of human capital per worker. b. Technological knowledge is a determinant of productivity. c. Human capital and technological knowledge are the same thing. d. All of the above are correct.