All of the following are cited as factors in explaining U.S. competitiveness EXCEPT
A. reducing the federal deficit.
B. economic restructuring.
C. large investments in scientific research.
D. widespread entrepreneurship.
Answer: A
You might also like to view...
Rising productivity usually reduces workers' standards of living
a. True b. False Indicate whether the statement is true or false
An economic model should capture
A) the essential relationships that help to analyze the problem. B) all possible variables that apply to the problem. C) only social value related variables. D) all of the above.
If there is no change in demand that will cause a change in the price, then the supply for the good is
A. inelastic. B. perfectly elastic. C. perfectly inelastic. D. perfectly unit elastic.
Refer to Scenario 9.7 below to answer the question(s) that follow. SCENARIO 9.7: Julio borrowed $80,000 from his great aunt to open a coffee stand at a local flea market. He agrees to pay his great aunt a 5% yearly return on the money she lent him. His other yearly fixed costs equal $16,000. His variable costs equal $60,000. He sold 50,000 cups of coffee during the year at a price of $3.00 per cup.Refer to Scenario 9.7. Julio's total fixed costs equal
A. $4,000. B. $16,000. C. $20,000. D. $80,000.