Which of the following would encourage the development of new technologies?
a. Rising interest rates
b. Reduced government subsidies for research and development
c. Falling wages
d. Increased tax rates on corporate profits
e. Increased patent protection for inventions
E
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Which of the following defines logrolling?
b. Individual legislators write legislation that only benefits their congressional districts. c. A legislature passes laws without allowing public hearings or congressional debate. d. Lobbyists offer high-paying jobs to influential legislators in exchange for favorable legislation.
Demand takes into account goods, but not services
Indicate whether the statement is true or false
Scientific investigations that have no immediately obvious commercial applications are called nonessential research.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1) 1 + MPS = MPC. 2) The slope of the consumption schedule is measured by the MPC. 3) A decline in the real interest rate will shift the investment demand curve to the right. 4) A specific investment will be undertaken if the expected rate of return, r, exceeds the interest rate, i. 5) Investment is highly stable; it increases over time at a very steady rate.