Which of the following would not occur if all large firms in the economy were broken into smaller firms?
A. Decreased manufacturing efficiency in some industries
B. Increased competition in all industries
C. Decreased investment in research and development in some industries
D. Increased prices for some manufactured goods
Answer: B
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In the view of the Classical economists, a increase in aggregate demand leads to
A) lower output levels. B) a higher price level. C) higher output levels. D) a lower price level.
Assume there are nine voters in a certain small town and let x = the preferred number of dollars spent per person per month on garbage collection. For Voters 1, 2, and 3, x = $10; for Voter 4, x = $15; for Voter 5, x = $18; and for Voters 6, 7, 8 and 9, x = $20 . Based on these preferences, which of these dollar amounts will win over any one of the others?
a. $10. b. $15. c. $18 d. $20.
Some economists argue that policymakers can use monetary and fiscal policy to reduce the severity of economic fluctuations. What are some things policymakers can do to boost the economy when aggregate demand is inadequate to ensure full employment?
Net domestic product (NDP) is
A. Gross Domestic Product (GDP) minus private investment. B. Gross Domestic Product (GDP) minus government transfers. C. Gross Domestic Product (GDP) minus the foreign sector. D. Gross Domestic Product (GDP) minus depreciation.