Technology firms are clustered near each other ______.
a. because federal regulation require them to do so
b. to contain negative externalities in one area
c. to be close to deposits of natural resources
d. in order to share technology and collaborate
d. in order to share technology and collaborate
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For a given level of total utility, ________
A) there is exactly one indifference curve B) there are exactly two indifference curves C) there are exactly three indifference curves D) there are exactly four indifference curves
Under which type of market structure is the firm’s pricing decision the most difficult?
a. perfect competition b. monopoly c. monopolistic competition d. oligopoly
Tom and Jerry have two tasks to do all day: makedishes and build fences. If Tom spends all day makingdishes, he will have make 16 dishes. If he instead devotes his day to building fences, Tom will build 4 fences. If Jerry spends his day makingdishes, he will make 14 dishes; if he spends the day building fences, he will build 7 fences. After looking at the production possibilities for both Tom and Jerry, we can conclude that:
A. Tom has the comparative advantage in dish production. B. Jerry has the comparative advantage in dish production. C. Tom has the comparative advantage in fence production. D. No comparative advantage exists.
Which of the following shifts both the short-run and long-run aggregate supply right?
a. an increase in the actual price level b. an increase in the expected price level c. an increase in the capital stock d. None of the above is correct.