Which of the following is predicted to deliver a Third Industrial Revolution characterized by low production and transportation costs?
A. New technology in additive manufacturing.
B. New technology in energy production involving fusion reactors.
C. Significant decreases in petroleum prices with the discovery of new oil fields and new
extraction techniques.
D. New transportation technology involving anti-gravitational fields.
Answer: A
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Global capital flows have completely broken the link between domestic savings and domestic investment
Indicate whether the statement is true or false
Max has allocated $100 toward meats for his barbecue. His budget line and an indifference map are shown in the above figure. What happens if Max's mother gives him 10 pounds of burger?
A) Max would have preferred receiving the dollar value of the burger. B) Max is indifferent between this gift and the dollar value of the burger. C) Max prefers this gift to the dollar value of the burger. D) None of the above.