AT&T, the employer of the three scientists credited with inventing the transistor,
A. reaped very few economic benefits from the invention.
B. earned a modest 10 percent return from the invention.
C. earned an unprecedented 2,000 percent return from the invention.
D. suffered economic losses because of the invention.
Answer: A
You might also like to view...
If Matt's disposable income increases from $4,000 to $4,500 and his level of saving increases from $200 to $325, it may be concluded that his marginal propensity to:
A. save is 0.30. B. consume is 0.80. C. consume is 0.75. D. save is 0.60.
What, according to Akerlof, causes the price difference between a one-year old used car and an unsold car manufactured by the same company in the same year?
What will be an ideal response?
If the dollar's value changes from 120 yen per dollar to 110 yen per dollar, the dollar has
A) depreciated. B) appreciated. C) demanded. D) devalued.
The Federal Reserve System is run by the President of the United States
a. True b. False Indicate whether the statement is true or false