Which of the following are components of economic growth
a. growth in labor force.
b. technological progress.
c. investment.
d. all of the above.
D
Economics
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What will an indifference curve look like between two commodities that are perfect complements, such as right shoes and left shoes?
What will be an ideal response?
Economics
A given industry, Z, is such that the 1-firm, 2-firm, 4-firm and 8-firm concentration ratios are the same. Based on this, we can conclude that Industry Z is
A) pure competition. B) monopolistic competition. C) oligopoly. D) pure monopoly.
Economics