Schumpeter asserts all of the following except
(a) A strong middle class fosters growth in society's entrepreneurial base.
(b) Entrepreneurs are the leading force behind technological advancement.
(c) Invention and innovation are unnecessary in a growing economy.
(d) Secured property rights encourage risk-taking entrepreneurial behaviors.
(c)
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If a conscientious manufacturer underestimates the probability of his product killing someone, the manufacturer will likely take precautions that are not cost justified
Indicate whether the statement is true or false
In regression analysis, the dependent variable
A) is always quantity demanded. B) is the variable whose variation is to be explained. C) is one of the factors that explains what is happening with demand. D) is represented by the inverse demand function.
If the number of people with the skills necessary to perform a job increases, labor ________ shifts to the ________.
A. demand; left B. demand; right C. supply; left D. supply; right
The effect on the monetary policy reaction curve resulting from policymakers decreasing their inflation target would be:
A. the monetary policy reaction curve shifting to the right. B. the monetary policy reaction curve shifting to the left. C. a movement up the existing monetary policy reaction curve. D. a movement down the existing monetary policy reaction curve.