Which of the following facts about competitive ideas is true?
a. A successful competitive idea should be big in terms of investment.
b. A competitive idea is usually built on a foundation of other ideas.
c. A competitive idea should necessarily be scientific.
d. A successful competitive idea must be original.
B
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Based on the data in the table above, the economy will be in short-run equilibrium at a price level of
A) 90. B) 110. C) 100. D) 120.
Which of the following is NOT a disadvantage to inflation targeting?
A) There is a delayed signal about achievement of the target. B) Inflation targets could impose a rigid rule on policymakers. C) There is potential for larger output fluctuations. D) There is a lack of transparency.
Which of the following would not be considered price discrimination?
a. setting separate rates for residential and commercial uses of electricity b. giving a senior citizen discount at restaurants c. renting recently released videos at a higher price than the old classic videos d. giving children a discount at the movies e. giving students a discount on ski lift tickets
What does it mean to have an absolute advantage in the production of two goods?
What will be an ideal response?