Which of the following is true of an improvement in technology?
a. An improvement in technology shifts the per-worker production upward.
b. An improvement in technology shifts the per-worker production downward.
c. An improvement in technology increases the concavity of the production possibilities frontier.
d. An improvement in technology decreases the concavity of the production possibilities frontier.
e. An improvement in technology increases the quantity of input in the production process.
Question 2
The landmark antitrust case which established that size alone can be an antitrust violation is the:
a. U.S. Steel case.
b. Brown Shoe case.
c. Von's Grocery case.
d. ALCOA case.
e. Pabst Brewing case.
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