One of the main arguments against further growth for industrialized nations focuses on the issue of:
A. infrastructure development.
B. feedback mechanisms.
C. technological knowledge.
D. environmental quality.
Answer: D
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Use the following table to answer the next question.OutputATC-1ATC-2ATC-3ATC-41,500$10$15$20$302,00091217252,50081015203,00012713183,50015611164,00018107144,50020128125,00024151195,500291913126,00035251514Plant sizes get larger as you move from ATC-1 to ATC-4.At what level of output are economies of scale exhausted by this firm?
A. 3,500 units B. 4,000 units C. 2,500 units D. 5,500 units
One reason that a poor nation remains poor over time is that even though total national real GDP grows,
a. c and e. b. c, d, and e. c. it is too small to begin with. d. the growth rate is smaller than the growth rate of industrialized nations. e. it does not grow faster than population.
The National Bureau of Economic Research is
A. funded by the Federal Reserve Banks and analyzes the banking system. B. funded by Congress and evaluates the budget appropriations. C. a nonprofit organization and evaluates the U.S. monetary policy. D. a nonprofit organization and evaluates the business cycles.
In order to differentiate their product brands from those of competing firms, monopolistically competitive firms
A. advertise their product. B. spread false rumors about their competitors. C. take their competitor's reactions to changes in their policies into account. D. equate marginal cost to marginal revenue to determine the profit maximizing quantity.