________ slow(s) the flow of benefits from research and development to consumers.
A. Economies of scale
B. Patents
C. Technology
D. Competition
Answer: B
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Which of the following can start an inflation?
A) an increase in aggregate demand B) an increase in aggregate supply C) a decrease in aggregate supply D) Both answers A and C are correct. E) Answers A, B, and C are correct.
In order to be classified as a recession, a contraction of general economic activity must last at least
A) one year. B) six months. C) one period. D) one quarter. E) None of the above because recessions do not have a minimum length.
Which of the following does NOT shift the demand curve for broccoli?
A) an increase in the cost of fertilizer used to grow broccoli B) a warning by the U.S. Surgeon General that broccoli causes schizophrenia C) an increase in the price of spinach, a substitute for broccoli, because rodents gobbled up much of this year's spinach crop D) a decrease in the price of spinach, a substitute for broccoli, because of a bumper crop of spinach this year
Summarize the type of agreement that NAFTA is, its history, the process by which it has been implemented in the last 15 years
What will be an ideal response?