Most innovations come from just a few large industries

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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Refer to Table 4-4. The table above lists the highest prices three consumers, Curly, Moe, and Larry, are willing to pay for a bottle of champagne. If the price of the champagne falls from $24 to $14

A) consumer surplus will increase from $80 to $95. B) consumer surplus increases from $32 to $53. C) Larry and Moe will receive more consumer surplus than Curly. D) Curly will buy four bottles; Moe will buy two bottles, and Larry will buy one bottle.

Economics

In order to reduce the ________ problem in loan markets, bankers collect information from prospective borrowers to screen out the bad credit risks from the good ones

A) moral hazard B) adverse selection C) moral suasion D) adverse lending

Economics

Why can't private individuals always internalize an externality without the help of government?

a. Legal restrictions prevent side payments between individuals. b. Transactions costs may be too high. c. Side payments between individuals are inefficient. d. Side payments between individuals are insufficient.

Economics

 Figure 2.1Refer to Figure 2.1. If you are producing 600 tons of agricultural products per year, what is the maximum amount of manufactured products you can produce per year?

A. 300 tons B. 500 tons C. 600 tons D. 700 tons

Economics