How has inexpensive broadband changed the production possibilities of video entertainment and other goods and services?
What will be an ideal response?
Inexpensive broadband means that the production video enter-tainment increases when all resources are used for this purpose. It does not change the production of other goods and services when all resources are used for that purpose.
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Panasonic sends its HDTV salespeople to training sessions. This is an example of
A) a macroeconomic decision. B) scarcity. C) a firm investing in workers' human capital. D) entrepreneurshi
Disintermediation refers to the
A) failure of financial intermediaries due to moral hazard problems. B) failure of financial intermediaries due to adverse selection problems. C) movement of savers and borrowers from banks to financial markets. D) removal of government regulations of financial intermediaries.
Jason is a salesman who gets 40 percent of the revenue he generates for his company. This is an example of payment by _____
a. piece rent b. fixed salary c. executive compensation d. share contract
All of the following components add up to the current account, except:
a. unilateral transfers. b. statistical discrepancies. c. services. d. merchandise. e. investment income.