The "metering" scheme refers to
a. Discriminating consumers through the amount of product bought
b. Giving away core technology and making up for it through higher margins on secondary sales
c. An indirect method of price discrimination
d. All of the above
d
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If the minimum efficient scale of a firm is small relative to the demand for the good, then
A) many small firms can compete in the market. B) several large firms will enter the market thereby reducing competition. C) there will be no economic profits for any small firms, so no new firms will ever enter the market. D) the firms already in the market have lower average total cost than any new firm entering the market.
Endogenous growth theory supports the conclusion that ________
A) government spending cannot influence the level of research and development B) increased government spending on research and development is counterproductive C) per capita income growth is a function of real factors, such as the supply of money D) increased government spending on research and development is useful
The Civil Aeronautics Board (CAB) was:
a. established in 1934 and reorganized in 1984. b. established in 1938 and eliminated in 1984. c. established in 1938 and reorganized in 1991. d. never a regulatory agency.
The concept that it is very difficult to consistently pick winners in the stock market without inside information is known as: a. a random walk
b. a double coincidence of wants. c. the crowding out effect. d. arbitrage.