All but one of the following have been suggested by some economists as possible consequences of path dependency and switching costs. Which of the following is not a possible consequence of path dependency and switching costs?
A) diseconomies of scale
B) market failure
C) Consumers may get locked into using products with inferior technology.
D) Government intervention may be necessary in affected markets in order to improve economic efficiency.
A
Economics
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Which of the following occurs in the long run neoclassical growth model without technological change?
A. Capital deepening ceases. B. Real wages stop growing. C. The return to capital is constant. D. Real interest rates are constant. E. All of the above.
Economics
Hyperinflation is usually accompanied by a great macroeconomic expansion
a. True b. False Indicate whether the statement is true or false
Economics