A good that entails relatively high fixed costs associated with the use of knowledge and other information-intensive inputs as key factors of production is
A. an information product.
B. a search good.
C. a logo good.
D. a persuasive good.
Answer: A
You might also like to view...
The historical record for the United States over the last 100 years shows
A) mostly positive economic growth, though the Great Depression caused actual GDP to dip well below potential GDP. B) economic growth for about half the years and economic decline for the other half. C) growth until 1970 and then a period of constant per person real GDP. D) continuous economic growth for each year, although at different rates, throughout the entire century.
Higher standards of living are the result of
a. government subsidies that expand employment. b. trade restrictions that favor domestic industries over foreign competition. c. an increase in the general level of prices. d. an increase in the availability of goods and services that people value.
Which of the following compose the reserves of a commercial bank?
A. checkable deposits and time deposits B. vault cash and deposits of the bank with the Federal Reserve C. U.S. securities and stock equity D. cash and U.S. securities
An increase in the growth rate of population in a steady-state economy would cause
A. a pivot up and to the left in the investment line. B. a pivot down and to the right in the investment line. C. a parallel shift downward in the investment line. D. a parallel shift upward in the investment line.