What was the most important consequence of suburbanization?
A. It made people less dependent on their cars.
B. It was very bad for the construction industry.
C. It left the cities with large concentrations of poor people.
D. It raised the tax bases of most cities.
C. It left the cities with large concentrations of poor people.
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As we increase the production of computers, we find that we must give up larger and larger amounts of DVD players per computer
A) This situation illustrates increasing opportunity cost. B) As a result, we should specialize in the production of DVD players. C) The production possibilities frontier for computers and DVD players is a straight line. D) DVD players will be more highly regarded by consumers than computers.
Capital saving nonneutral technical progress allows a firm to
A) produce more output with the same inputs. B) use less capital and the same amount of other inputs to produce the same level of output. C) use more capital to produce the same level of output. D) use less capital and more of other inputs to produce the same level of output.