Which of the following statements would make a reasonable hypothesis to test?
A) Deflation is worse than inflation in any economy.
B) An unemployment rate below 4% is bad for the economy.
C) As tax rates increase, eventually tax revenues will decline.
D) Higher real GDP per capita figures lead to happier citizens.
C
Economics
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Dominant firms tend to lag in innovation because
A) of the sunk cost effect. B) entrepreneurs are found in smaller firms. C) they are usually focused on market share. D) all of these choices.
Economics
The minimum average cost of producing alternate levels of output, allowing for optimal selection of all variables of production is defined by the:
A. long-run average total cost curve. B. short-run marginal cost curve. C. long-run marginal cost curve. D. short-run average fixed cost curve.
Economics