In the new Keynesian models,
a. imperfect competition comes is the result of optimizing behavior by individuals.
b. perfect competition is assumed with respect to the product market
c. a natural monopoly is presumed for the product market.
d. both a and c.
d. None of the above
Question 2
An export industry is said to exhibit increasing returns to scale when
(a) a large-scale organization has significant competitive advantages over small-scale activities.
(b) labor utilization increases by 50 percent but export output production increases by only
20 percent.
(c) its small-scale business activity has significant comparative advantages over large-scale productions.
(d) use of capital increases by 10 percent leads to an increase in export production by 10 percent.
Anatomically modern humans left archaeological clues, including evidence of burials, which indicate
Bronfenbrenner’s model of the ecological-systems approach to studying development. He suggested that
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