Which of the following supports the skeptics doubts about the idea that a "New Economy" had emerged in the late 1990s?
A) In early 2000, investment in computer equipment turned to negative growth.
B) A drop in productivity growth in 2001 was followed by a bounce-back of productivity growth in early 2002.
C) The opinion of Alan Greenspan, Chairman of the Federal Reserve System, concerning the pace at which technological innovations are being applied
D) None of the above.
A
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Refer to the figure above. When the supply curve of flash drives is S1 and the demand curve for flash drives is D, what is the shortage in the market when the price is $5?
A) 50 units B) 40 units C) 10 units D) 0 units
Government regulations to reduce the possibility of financial panic include all of the following EXCEPT
A) transactions costs. B) restrictions on assets and activities. C) disclosure. D) deposit insurance.
If, as production increases, marginal cost rises above average cost, then average cost must:
a. ?Be increasing b. ?Be decreasing c. ?Remain constant d. ?None of the above
In a market economy, who or what determines who produces each good and how much is produce
A. the government B. lawyers C. lotteries D. prices