The application of new technologies to the production process will increase:
A. the quantity of human capital.
B. the unemployment rate.
C. average labor productivity.
D. the share of the population employed.
Answer: C
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Which of the following is true of a successful cartel?
a. A successful cartel offers consumers the lowest possible price for a product. b. A successful cartel minimizes profits for its members. c. A successful cartel behaves as a monopolist in the market. d. A successful cartel produces a quantity greater than that produced in a competitive market. e. A successful cartel is always stable.
What two things must governments be able to do to regulate pollution and create a market for pollution?
a. easily identify polluters and monitor their behavior b. easily identify polluters and what pollution they are putting into the air and water c. easily identify polluters and know their cost structure to charge them accordingly d. none of the above