The period from 1950 to 1975 was a period of
A. very low levels of innovation and low productivity.
B. rapidly increasing technological advancements.
C. information revolutions.
D. few big technological breakthroughs.
Answer: D
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Refer to Scenario 12.1. Assume Jennifer gave up smoking for only one year and invested that money ($2,190 ) at the 5 percent interest rate. How much would the investment be worth in 35 years?
A) $2,300 B) $12,080 C) $32,445 D) $80,483
A hike in the federal funds rate results in ________ in the real interest rate, which leads to ________ in investment
A) an increase; an increase B) an increase; a decrease C) a decrease; an increase D) a decrease; a decrease E) a decrease; no change
The rationing mechanisms that develop under binding price ceilings are usually inefficient
a. True b. False Indicate whether the statement is true or false
A price-taker faces a demand curve that is:
A. vertical at the market price. B. upward sloping. C. horizontal at the market price. D. downward sloping.