The development of the digital video and camera which replaced film cameras is an example of:
A. Roundabout production
B. Derived demand
C. Creative destruction
D. Specialization
Answer: C
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The market demand for a good is derived by summing all the individual demands
Indicate whether the statement is true or false
Which of the following factors will not shift the long-run aggregate supply curve?
A. An improvement in production technology B. An increase in the price level C. An increase in capital accumulation D. An increase in available resources
A Herfindahl index of 0 suggests:
A. perfect competition. B. oligopoly. C. monopolistic competition. D. monopoly.
Actively managed funds:
A. generate lower costs than passively managed funds. B. generally outperform passively managed funds. C. generally perform the same as passively managed funds. D. are generally outperformed by passively managed funds.