Actions that reduce trade restrictions and promote free trade are often referred to as:

Models of growth that account for technological progress are part of

A) creative destruction theory. B) growth accounting. C) new growth theory. D) all of the above.

Which of the following is a TRUE statement about a monopoly?

A) A monopoly does not necessarily earn positive economic profits. B) A monopoly must earn an above-normal profit to stay in business. C) As long as there are barriers to entry, a monopoly can always find some price-output combination that generates positive economic profits. D) As long as the demand curve slopes down, a monopoly can always find some price-output combination that generates positive economic profits.