The act of discovering a new production process would be called

a. invention.
b. innovation.
c. investment.
d. development.


a

Economics

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The presence of a distorting tax on wage income can result in

A) MPN < MRT1,C. B) MRT1,C < MRS1,C. C) MPN < w. D) MRS1,C < MPN

Economics

Fred's demand schedule for movie DVDs is as follows: At $30, he would buy 1; at $25, he would buy two; at $15, he would buy 3; and at $10, he would buy 4 . If the price of movie DVDs equals $25, the consumer surplus Fred receives from purchasing movie DVDs would be: a. zero. b. $5

c. $25. d. $55.

Economics

Which of the following is true about the GNI of the United States?

What will be an ideal response?

Economics

Inventory depletion is a warning sign of

A. A drop in AS. B. Deflation. C. A drop in AD. D. Inflation.

Economics