Other things constant, which of the following would you expect to increase the output growth rate of a country?
What will be an ideal response?
An increase in the rate of investment as a share of total output
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A risk-averse investor will decide whether or not to invest by determining if the expected value of the investment if positive
Indicate whether the statement is true or false
What does the equilibrium of supply and demand in a market do?
a) It maximizes the prices at which producers are willing to sell. b) It minimizes the prices that consumers are willing to pay. c) It produces both an efficient and equitable market outcome. d) It maximizes the total benefits received by buyers and sellers.
When a brand name drug’s patent protection expires, many generic producers are usually ready to enter the market. These firms’ products are close substitutes, they have similar production technologies, the regulatory hurdles to enter are not so great, and, within a few months, there are plenty of rivals. What would you predict for the profitability during these first few months after generic drug entry?
What will be an ideal response
Data on per capita trash generation in the United States indicate that since 1990 it has:
A. Increased moderately B. Continually decreased C. Leveled off D. Sharply increased