Which of the following is NOT a way of internalizing technology spillovers?
a. subsidies
b. patent protection
c. industrial policy
d. taxes
d
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If the economy is operating at a point at which short-run aggregate supply is horizontal, then
A) real GDP cannot expand. B) real GDP cannot contract. C) increases in aggregate demand do not increase the price level. D) then increases in aggregate demand do not increase real GDP.
Which of the following is NOT a characteristic of the demand curve faced by a firm in a monopolistically competitive market?
A) The demand curve is downward sloping. B) The slope of the demand curve is negative. C) The firm will produce where the demand curve is inelastic. D) The firm will produce where the demand curve is elastic.
Which of the following is true of a production possibilities curve?
What will be an ideal response?
whoever does it the cheapest
What will be an ideal response?