It should not be surprising if the public sector fails to pay for the right amount or right kinds of basic research because
a. basic research is not a public good.
b. the benefits of basic research are hard to measure.
c. members of Congress usually have little expertise in science.
d. Both b and c are correct.
d
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A kinked demand curve is associated with
a. perfect competition. b. monopolistic competition. c. an oligopoly. d. public utilities.
Gross domestic product minus
a. net domestic product equals national income b. depreciation equals net domestic product c. indirect business taxes equals national income d. gross domestic product equals personal income e. net domestic product equals gross domestic product
Which of the following statements is an accurate statement about the Social Security (OASDI) program?
A. The program transfers income from those who work to those who do not work. B. Only 50 percent of workers are covered by OASDI. C. Benefits are based on financial need. D. The program is financed by voluntary contributions.
If you lost 10 percent on $200 worth of stock in a 3x margin account, then you would lose:
A. $40. B. $30. C. $60. D. $20.