Technology is defined as
A) the maximum output which can be attained from a stock of physical capital.
B) society’s pool of applied knowledge concerning the production of goods and services.
C) output beyond the production possibilities boundary.
D) the utilization of the most advanced machinery.
B) society’s pool of applied knowledge concerning the production of goods and services.
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Discuss the conditions that define perfect competition
A decrease in the supply of a good will result in a rightward shift in the demand curve for the good
a. True b. False Indicate whether the statement is true or false
Hyperinflation usually starts when:
A. people start spending too much money. B. firms demand higher and higher prices for their goods. C. governments are forced to print money to finance their spending. D. fiscal deficits are small.
Which bond will have a higher yield to maturity, a $1,000 face value bond, with a 5.0% coupon rate that sells for $900; or a $1,000 face value bond, with a $50 annual coupon that sells for $1,050? Explain your choice.
What will be an ideal response?