According to some economists, firms in some industries gain a performance advantage by:
a. dumping
b. charging a zero price for products.
c. clustering.
d. reducing R&D spending.
e. increasing labor wage.
c
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A central bank announces it will decrease the inflation rate by 10 percentage points. People are skeptical of the announcement, but do expect the central bank will reduce inflation by 5 percentage points and so expected inflation falls by 5 percentage points. If the central bank decreases inflation by only 3 percentage points then the unemployment rate will fall
a. True b. False Indicate whether the statement is true or false
The first-order condition for maximizing net benefits is:
A. dN/dQ = 0. B. d2N/dQ2 = 0. C. dB/dQ = 0. D. dC/dQ = 0.
Refer to the information provided in Figure 16.1 below to answer the question(s) that follow. 
Figure 16.1 Refer to Figure 16.1. ________, 60 bags of fertilizer will be produced.
A. Absent government intervention B. To avoid shutting down C. With a price ceiling D. With government intervention
Which of the following can be considered an injection into an economy?
a. Imports b. Investment c. Aid to foreign countries d. Saving e. Taxes