Of the new drugs introduced in the United States between 1940 and 1990, what percentage were discovered by U.S. firms?
a. 15.
b. 30.
c. 45.
d. 60
e. 75
D
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The sticky price explanation of the short-run aggregate supply curve says that when the average price level rises,
A. because of adjustment costs associated with changing prices, some firms will not raise their prices immediately which may temporarily boost their sales. B. firms will raise their output prices by more than the increase in the average price level to make up for the shortfall in sales. C. consumers are unwilling to pay higher prices resulting in a decrease in aggregate demand. D. some firms will immediately pass the higher prices to consumers.
The economics of local school financing discourages school districts from attempting to maximize their tax base while minimizing enrollment size
Indicate whether the statement is true or false