A technology may be considered inappropriate if it
a. uses a lot of capital
b. produces a product that few people want
c. has a capital-labor ratio that exceeds the rental-wage ratio
d. has a capital-labor ratio less than the rental-wage ratio
e. none of the above
C
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Each of the following took place in the latter half of the 1990s except
A. a falling rate of inflation. B. a rising stock market. C. an economic boom. D. a rising unemployment rate.
When comparing industries, a monopolistically competitive industry is less competitive than an oligopoly
a. True b. False Indicate whether the statement is true or false
Which of the following will occur as a result of a tax cut?
A) private saving decreases B) investment decreases C) the trade balance improves D) the trade balance worsens E) the budget deficit decreases
Refer to the information provided in Figure 8.9 below to answer the question(s) that follow. 
Figure 8.9
Refer to Figure 8.9. If the market price of hay ________, then to maximize profits this farmer should produce 350 bales of hay.
A. falls to $20 B. falls to $18 C. falls to $4 D. stays at $24