Technological change is generally
A. slow across the board.
B. always manageable through government intervention.
C. very uneven.
D. evenly divided across industries.
Answer: C
Economics
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In the above figure, consumption expenditure is shown by flow
A) A. B) B. C) C. D) F.
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A prisoner's dilemma is a situation in which
a. a change in marginal cost may not lead to a change in price b. a firm's competitors follow a price increase but ignore a price decrease c. oligopolists behave irrationally d. oligopolists attempt to maximize sales rather than profits e. an oligopolists demand curve may become perfectly inelastic
Economics