Monopolistically competitive firms have ________ market power due to producing differentiated products.
A. complete
B. unlimited
C. no
D. some
Answer: D
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The Malthusian population trap assumes that
(a) contraception is unavailable. (b) technological progress may be rapid. (c) fertility increases with per capita income. (d) all of the above.
What characteristic of the endogenous growth model is crucial in giving the possibility of sustained growth?
A) It is embodied in people. B) It has constant returns to scale in production. C) It takes time to accumulate it. D) It grows at the same rate as consumption.
What conditions should be met to practice price discrimination in a market?
A by-product of the acceptance of the Keynesian school was the wide approval and practice of activist government fiscal policy around the world
a. True b. False Indicate whether the statement is true or false