Sharing the results of applied research conducted under government sponsorship with the private sector, such as the development of the Global Positioning System (GPS), is an example of a government policy to promote economic growth by:
A. increasing the availability of natural resources.
B. increasing physical capital.
C. improving technology.
D. increasing human capital.
Answer: C
You might also like to view...
All of the points on a budget line result in combination of goods that expend all of her income.
Answer the following statement true (T) or false (F)
The production function for a good is a downward-sloping linear curve
a. True b. False Indicate whether the statement is true or false
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y1. C. P3 and Y1. D. P3 and Y2.
Which of the following benefits comes from specialization?
a. Prices for scarce resources are lowered. b. The best use is made of limited resources. c. Opportunity costs are lowered for workers. d. Workers are inspired to reach their potential.