Which of the following statements is true?
A) A monopolist's product often has close substitutes.
B) Firms under perfect competition produce differentiated products.
C) Firms under monopolistic competition produce identical products.
D) Firms under oligopoly produce either identical or differentiated products.
D
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According to new growth theorists, more technological improvements can be brought about by
A) the government taking a more active role in regulating industries. B) government policies that lead to increases in human capital. C) tougher immigration laws. D) a government policy that encourages increased consumption.
The measured distribution of ________ is a more accurate indicator of the degree of economic inequality than the measured distribution of ________ because ________ data does not include ________
A) income; wealth; wealth; human capital B) wealth; income; income; holdings of real estate C) wealth; income; income; human capital D) income; wealth; wealth; employment information