Most savers:
A. lend their money directly.
B. do not use proxies to decide who to lend their money to.
C. deposit their savings into banks, retirement accounts, and life insurance companies.
D. All of these are true.
C. deposit their savings into banks, retirement accounts, and life insurance companies.
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Neutral technological progress occurs when
a. higher output levels are achieved with the same quantity and combinations of factor inputs. b. higher output levels are achieved by more capital intensive methods. d. higher output levels are achieved by more labor intensive methods. e. higher output levels are achieved.
Which of the following is a barrier to entry?
A. Patents and licenses B. Buyers' incomes C. Close substitutes D. Diminishing marginal returns