Technology spillovers:
a. Are caused by patents
b. Can lead to clustering of technology firms near one another.
c. Are examples of negative externalities.
d. All of the above are true.
b
Economics
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The first unit of an information product is produced at a high fixed cost. Producing additional units entails relatively low
A) total costs. B) marginal and average variable cost. C) external cost. D) social cost.
Economics
A nation can accelerate its economic growth by:
a. reducing the number of immigrants allowed into the country. b. adding to its stock of capital. c. printing more money. d. imposing tariffs and quotas on imported goods.
Economics