The idea that measurement problems could explain the productivity slowdown since 1973 is based on the fact that
A) official output measures make no adjustment for quality.
B) output can't be measured.
C) capital can't be measured.
D) quality improvements aren't fully accounted for in the data.
D
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Gas stations can price the products that they sell in their convenience store a little bit higher because
a. these products are usually complements to the gas sales and the demand for gas is inelastic b. these products are usually complements to the gas sales and the demand for gas is elastic c. these products are usually substitutes to the gas sales and the demand for gas is inelastic d. these products are usually substitutes to the gas sales and the demand for gas is elastic
Which of the following statements best describes the difference between economic regulation and social regulation?
a. Economic regulation has little to do with price and output while social regulation explicitly deals with price and output. b. Social regulation is concerned with direct redistribution of wealth while economic regulation is concerned with accumulation of wealth. c. Economic regulation is concerned with direct redistribution of wealth while social regulation is concerned with accumulation of wealth. d. Social regulation has historically targeted industries such as railroads and airlines while economic regulation has all the industries under its purview. e. Economic regulation deals with price and output , while social regulation deals with health and safety matters that apply across several industries.
In a market with only one firm (a pure monopoly), the Herfindahl-Hirschman Index (HHI) would equal 10,000
a. True b. False Indicate whether the statement is true or false
Shocks and Integration) The graph shows hypothetical OCA economic criteria for several South American countries. Using the graph, which of the following best satisfy the OCA criteria for forming a monetary union?
A) Peru and Colombia B) Peru and Uruguay C) Venezuela and Uruguay D) Colombia and Venezuela