The high-growth Asian economies focused their education spending on the university level to better develop high technology workers

The production function is

a. the increase in the amount of output from an additional unit of labor. b. influenced by the productivity of workers. c. the marginal revenue produce minus the wage rate paid to workers. d. All of the above are correct.

Which of the following is necessarily a problem with antitrust laws?

a. They may target a business whose practices appear to be anti-competitive but in fact have legitimate purposes. b. They may encourage firms to collude and reduce social welfare compared to the unregulated market. c. They reduce the effectiveness of the market to self-regulate. d. They are enforced by agencies whose self-interest contradicts the interests of society as a whole.