The movement of workers from lower productivity jobs to higher productivity jobs would be an example of:

A. network effects.
B. technological advance.
C. simultaneous consumption.
D. improved resource allocation.

Answer: D

Economics

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Price controls may be thought of as

A) a restraint on the rationing function of prices. B) useful tools that promote production. C) necessary in market economies. D) the freeing-up of free market forces.

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If managers minimize costs they have maximized profits

Indicate whether the statement is true or false

Economics