In a graph, a line has a negative slope if
A) the line is vertical.
B) the line is horizontal.
C) the line rises from right to left.
D) the line rises from left to right.
C
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Spencer and Brander's model highlights the existence of
A) aircraft industries. B) excess returns present in highly competitive markets. C) excess returns, or rents, available in non-competitive markets. D) the futility of government bureaucrats' attempts to build an airplane. E) natural advantages in foreign technology firms.
The rule of rational choice suggests that you will engage in more of an activity if: a. the total benefit from that activity exceeds the total cost of the activity
b. the total cost from that activity exceeds the total benefit of the activity. c. the additional cost incurred as a result of the activity exceeds the additional benefit received. d. the additional benefit received as a result of the activity exceeds the additional cost incurred.