Which of the following statements is FALSE?
A) When it comes to overall productive efficiency, compared to Japan, Germany and the rest of the European Union, the United States lags far behind.
B) Sophisticated financial systems have given U.S. productive efficiency a boost.
C) The United States' international competitive position has been helped by its long history of widespread entrepreneurship.
D) Economic restructuring and investments in information technology have added to productive efficiency in the United States.
A
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In the above figure, how does the slope of the line between x = 4 and x = 5 compare with the slope between x = 2 and x = 3?
A) The slope is greater between x = 4 and x = 5. B) The slope is greater between x = 2 and x = 3. C) The slope is the same. D) The slope is not comparable.
By the accelerator hypothesis, if a firm's actual sales jump in one period to a higher maintained level, that firm's replacement investment
A) also jumps in one period to a higher maintained level. B) gradually drifts upward to a higher maintained level. C) jumps upward and then falls back to zero. D) jumps upward and then falls back part of the way.
If orange juice prices double next year, there will be a
a. rightward shift in the demand for grapefruit juice. b. rightward shift in the supply of grapefruit juice. c. leftward shift in the supply of grapefruit juice. d. leftward shift in the demand for grapefruit juice.
Refer to the graph shown. The welfare loss of monopoly is:
A. 2,112.5. B. 1,137.5. C. 2,762.5. D. 1,381.25.