If all large firms in the economy were broken into smaller firms, the result might be
a. decreased manufacturing efficiency in some industries.
b. increased prices for some manufactured goods.
c. decreased investment in research and development in some industries.
d. All of the above are correct.
d
Economics
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The total of all planned real expenditures in the economy is called
A) aggregate consumption. B) aggregate demand. C) aggregate spending. D) aggregate GDP.
Economics
What is one reason it might be difficult to dissuade people from pirating music off the Internet?
A) Consumer surplus is very high when music is pirated. B) In general, consumers get a rush from "stealing." C) Consumers mistakenly believe that the Internet is public domain. D) Producer surplus is very low when music is pirated.
Economics