Advocates of the New Growth Theory claim that they have improved upon the neoclassical model by
a. focusing on the rate of investment, rather than the amount of investment
b. adding population growth to the list of key variables
c. assuming that knowledge obtained in one country would be easily available to those in othercountries
d. making technological change a part of the model, rather than something brought in from theoutside
e. none of the above
D
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In the above figure, CBL is the cost of breaking the law. If it is illegal to buy and sell, then the quantity of the good bought and sold will be
A) 100. B) 200. C) 300. D) 400.
It is illegal for a business to price discriminate when selling goods to other businesses unless Both A & B are true
a. Price discounts are cost-justified b. Discounts are offered to meet competitors' price c. Either A or B is true d.