Which of the following is not a source of monopoly?
a. technologies that allow each of many small firms to produce at the same per-unit costs as one large firm
b. patents
c. control of crucial inputs
d. government licensing requirements
a
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Suppose that for the past two months, you have studied economics one hour a day. You now decide to study economics two hours a day. For the past two months
A) your marginal cost of studying economics for an hour must have exceeded its marginal benefit. B) the marginal cost of studying economics must have fallen. C) your marginal benefit from studying economics an hour must have been greater than its marginal cost. D) the opportunity cost of studying economics must have risen.
An example of a good or service that would count in the U.S. GNP would be a bag of coffee made in:
A. Vermont by Green Mountain Coffee Roasters. B. Colombia by Dunkin' Donuts. C. Canada by Starbucks. D. All of these would count in U.S. GNP.
The market demand for a good is derived by summing all the individual demands
Indicate whether the statement is true or false
Indians and Indian-Americans have played a pivotal role in powering Silicon Valley's digital revolution. The emigration of talented people from countries like India to countries like the United States is often called:
A. credentialism. B. the brain drain. C. Malthusianism. D. outsourcing.