Government support of basic research by funding scientists through the National Science Foundation is an example of a government policy to promote economic growth by:
A. increasing physical capital.
B. increasing the availability of natural resources.
C. improving technology.
D. increasing human capital.
Answer: C
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If a monopolist has zero marginal costs, it will produce a. in the range in which marginal revenue is increasing. b. the output at which total revenue is maximized
c. at the point at which marginal revenue is zero. d. Both (b) and (c).
The goal of the business firm is maximization of ____, and the goal of the consumer is maximization of ____
a. total sales; income b. total profit; utility c. total output; utility d. total sales; utility
Due to the distortionary effects of inflation, capital investment may be reduced due to higher price levels.
Answer the following statement true (T) or false (F)
Holding constant risk and the real returns available abroad, lower domestic real interest rates ________ capital inflows, ________ capital outflows, and ________ net capital inflows.
A. increase; decrease; increase B. decrease; increase; decrease C. increase; increase; decrease D. increase; increase; increase