Monopoly profits lead to technological process by:
A. carefully investing deadweight loss.
B. encouraging the development of innovations by firms attempting to break a monopoly.
C. firms lobbying Congress for protection of their monopolies.
D. increasing the amount of human capital in the economy.
Answer: B
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In 2007, Japan reported that its overseas assets totaled more than $4.6 trillion. This implies that Japan
A) is debtor nation. B) has a current account deficit. C) has a capital account deficit. D) is a creditor nation.
The aggregate supply and aggregate demand model is used to explain the:
A. overall health of the economy. B. overall effect of large markets within the economy. C. interaction of all sellers and all buyers within a particular market. D. way that unemployment may affect output, but not how price level does.
An emissions fee is preferable to a cap-and-trade when MSB are elastic and costs are uncertain.
A. True B. False C. Uncertain
An increase in the income of country A relative to the income of country B will usually lead to ________.
A. an increase in country A's exports to country B B. an increase in country B's imports from country A C. an increase in country B's demand for the currency of country A D. an increase in country A's demand for the currency of country B