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.
As a result of this change, deoxyhemoglobin S
Four approaches to studying the evolution of human behavior.
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Sociologists study the social factors that underlie human behavior, the experiences that mold us, ...
Two models for enzyme–substrate interaction
Comparison of Speciation Models