Answer to Question #190252 in Macroeconomics for James

Question

QUESTION 12

Rapid growth in technology has increased our ability to:

1. Navigate through a busy city.
2. Access and process data.
3. Communicate with friends on the other side of the planet.
4. All of the above.
5. Answers B and C only.

QUESTION 13

Public goods:

1. Can only exist in theory.
2. Are theoretically impossible.
3. Are separate and identifiable.
4. Are not separate and identifiable.
5. Are separate but not identifiable.

QUESTION 14

Most of the gains in life expectancy of the human race:

1. Is due to markets.
2. Is the result of vigorous exercise.
3. Cannot be explained by advances in technology.
4. Happened in the 20^th century.
5. Occurred in the 21^st century.

QUESTION 15

An innovative firm knows that it will usually have:

1. A temporary edge over its competitors.
2. A permanent edge over its competitors.
3. Tax payments due daily.
4. All of the above.
5. None of the above.

Answer 1

12.Access and process data.

13.Are not separate and identifiable.

14.Happened in the 20th century.

15.A temporary edge over its competitors.