The idea behind clustering is that each part of a network is ___________ productive operating in isolation, so if governments can push each element of the cluster in unison, they should realize ___________ in productivity.
A. far more; huge gains
B. far less; huge losses
C. far less; huge gains
D. far more; huge losses
C. far less; huge gains
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In a mixed economy, the government plays some role in the working of free markets.
Answer the following statement true (T) or false (F)
While their respective subject matters differ greatly, both microeconomists and macroeconomists rely on the same basic tools; that is, both rely on
a. government contracts to promote research and publications. b. demand-and-supply analysis. c. the economic theory of John Maynard Keynes. d. consumer protection laws and antitrust legislation.
The wealth effect, interest-rate effect, and exchange-rate effect are all explanations for
a. the slope of short-run aggregate supply. b. the slope of long-run aggregate supply. c. the slope of the aggregate-demand curve. d. everything that makes the aggregate-demand curve shift.
What is a Lorenz curve? What is a Gini coefficient?
What will be an ideal response?