A major source of funding of R&D in large, established corporations is:
A. venture capital.
B. dividends.
C. mutual funds.
D. retained earnings.
Answer: D
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Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher
Risk aversion is best explained by:
a. timidness. b. increasing marginal utility of wealth. c. constant marginal utility of wealth. d. decreasing marginal utility of wealth.
In the history of the U.S. economy, which economic era saw both high unemployment and high inflation at the same time?
a. After the Great Depression to the early 1970s b. Since the early 1980s c. The colonial period d. Before and during the Great Depression e. From the early 1970s to the early 1980s
In the graph shown above, if market price were $6, there would be
A. a surplus.
B. a shortage.
C. a surplus and a shortage.
D. neither a surplus nor a shortage.