Which of the following will not cause an increase in aggregate output (Y) in the long run?
A) an increase in N
B) an increase in K
C) an increase in technology
D) a reduction in the saving rate
E) none of the above
D
Economics
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Specialization is another word for
A) pursuing one's comparative advantage. B) the division of labor. C) producing at a comparably lower opportunity cost. D) all of the above. E) none of the above.
Economics
A perfect price discriminating monopoly produces the same quantity of output as a ________
A) single-price monopoly but charges a higher price B) perfectly competitive market C) perfectly competitive firm D) perfectly competitive market but charges a lower price
Economics