As in other industries, the market structure of the computer industry has evolved over time. It began as a monopoly and then became perfectly competitive.
Answer the following statement true (T) or false (F)
False
As in other industries, the market structure of the computer industry has evolved over time. It was never a monopoly, nor was it ever perfectly competitive.
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Using the data in the table above, the growth rate of real GDP for 2010 is equal to
A) 4.76 percent. B) 10.0 percent. C) 9.09 percent. D) 5.00 percent. E) 7.00 percent.
Abstraction can be thought of as
a. ignoring reality in order to build theory. b. omitting unimportant details in order to understand complex phenomena. c. creating absurdity in order to explain simplicity. d. assuming complexity when simplicity will do. e. stylizing reality rather than analyzing cause and effect.
Suppose one year ago the price index was 120 and Maria purchased $20,000 worth of bonds. One year later the price index is 126 . Maria redeems her bonds for $22,700 and is in a 40 percent tax bracket. What is Maria's real after-tax rate of interest to the nearest tenth of a percent?
a. 5.1 percent b. 3.1 percent c. 2.1 percent d. 2.4 percent
The principle of increasing marginal opportunity cost holds in which of the following cases?
A. The production possibility curve is a downward-sloping straight line. B. Some inputs are better for producing particular goods. C. Each input can be used to produce only one good. D. All inputs are equally useful in the production of all goods.