Individuals economize and respond predictably to
A) negative incentives, but not positive incentives.
B) positive incentives, but not negative incentives.
C) neither positive or negative incentives.
D) both positive and negative incentives.
D) both positive and negative incentives.
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The labor force participation rate is the percentage of the adult population that is
A. working or actively looking for work. B. unemployed. C. employed. D. willing to work but unable to find jobs.
An economy in which output has decreased and prices have decreased would suggest a:
A. decrease in short-run aggregate supply. B. increase in aggregate demand. C. increase in short-run aggregate supply. D. decrease in aggregate demand.
Among all workers in the U.S. with PhDs, ________ percent are foreign born.
A. 24 B. 1 C. 5 D. 90
Governments grant patents to
A) compensate firms for research and development costs. B) encourage competition. C) encourage low prices. D) encourage firms to reveal secret production techniques.