Which of the following is a predicted result of the increased use of additive manufacturing (using 3-D printers)?
A. Economies of scale in manufacturing will be eliminated, driving up production costs and
prices.
B. Lower prices of manufactured goods through the elimination of large fixed costs and
transportation costs.
C. Monopolization of manufactured goods industries, as few individuals can afford additive
manufacturing technology.
D. Significant increases in the fixed costs of producing manufactured goods.
Answer: B
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Let S = y - (100 + 0.5y). Assume no government or foreign sectors. At the equilibrium level of income, y* = 800, the level of saving is
A) 0. B) 50. C) 100. D) 300.
Factors causing an increase in currency holdings include
A) an increase in the interest rates paid on checkable deposits. B) an increase in the cost of acquiring currency. C) a decrease in bank panics. D) an increase in illegal activity.
Which of the following is not an argument for private sector production of collective consumption goods?
a. The good might only be a collective consumption good because of current government production. b. Private sector production provides information about consumer preferences about the good. c. The private sector has lower pay scales then government, lowering overhead costs. d. Taxes used to finance government production produce deadweight losses.
The average purchase date was just over _____________ before departure
Fill in the blank(s) with the appropriate word(s).