In contrast to government research and development, private sector R&D has:
a. more impact on productivity since most government R&D focuses narrowly on military applications
b. more impact on productivity since most government R&D focuses narrowly on the service sector.
c. more impact on productivity since most government R&D focuses narrowly on not-for-profit activities.
d. less impact on productivity since the government is more motivated and able to hire better people and facilities.
e. less impact on productivity since firms tend to hold back on research when results are easily copied.
a
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A decrease in the price level in an economy will _____
a. shift the aggregate demand curve to the right b. shift the aggregate demand curve to the left c. increase the level of aggregate quantity demanded d. decrease the level of aggregate quantity demanded e. shift the aggregate expenditure line downward
The text argues that if avocado growers in Mexico can produce avocadoes cheaper than avocado growers in the United States, this will not reduce total jobs available in the United States. The logic underlying this argument is that
A. avocado growers in Mexico need the jobs more than Americans do. B. avocado growers in the United States will switch to specializing in a crop in which they hold the comparative advantage. C. avocado growers in the United States did not earn much anyway. D. avocado growers in the United States are welcome to emigrate to Mexico.
James earns a degree from a top university and is hired by a prominent firm because executives at the firm believe that graduates of this university must have a high ability level or they would not have graduated. Which of the following theories of education do the executives believe?
a. signaling theory b. human-capital theory c. compensating-differentials theory d. All of the above are correct.
The figure above shows the marginal revenue, marginal cost, and demand curves for an airline offering daily flights between Los Angeles and Toronto
If the airline is regulated using a marginal cost pricing rule ________ flights will be offered each month at a price of ________ per flight. A) 200; $300 B) 200; $100 C) 300; $200 D) 400; $100