According to your textbook, globalization tends to increase the productivity of nations through
A) improvements in the labor skills of their citizens.
B) increasing technological knowledge.
C) improving the coordination of individual economic plans.
D) doing all of the above.
D
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In the standard consumption function of C = a + bY, the MPC is
A) Y. B) bY. C) a. D) b.
A likely way to increase the productivity of workers engaged in research and development is to ________
A) increase the size of the labor force B) increase the number of workers engaged in research and development C) invest more in the education of scientists D) increase the national saving rate
An exclusive right to sell a new and useful product, process, substance, or design for a fixed period of time is called a
A) patent. B) barrier to entry. C) monopoly. D) research disincentive.
If demand decreases and supply increases, which of the following is correct? Question 10 options:
A. The equilibrium price falls but the impact on the equilibrium quantity is ambiguous. B. The equilibrium price rises but the impact on the equilibrium quantity is ambiguous. C. The equilibrium quantity increases but the impact on the equilibrium price is ambiguous. D. The equilibrium quantity decreases but the impact on the equilibrium price is ambiguous. E. The equilibrium price falls and the equilibrium quantity decreases.