The primary purpose of ________ is to encourage the expenditure of funds on research and development to create new products
A) centrally planned economies
B) government-run health care
C) nationalizing oil companies
D) patents and copyrights
Answer: D
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Holding other factors constant, if a tax increase moves the government budget from deficit to surplus, then the real interest rate will ________ and the equilibrium quantity of national saving and investment will ________.
A. decrease; decrease B. increase; increase C. decrease; increase D. increase; not change
In general, a society will benefit more, the more self-sufficient it is
a. True b. False
GDP of the United States is equal to GNP
a. plus payments to Americans who are overseas less payments to foreigners who work in the United States b. less payments to Americans who are overseas c. plus payments to foreigners who work in the United States d. adjusted for all goods and services produced by foreigners in the United States e. less payments to Americans who are overseas plus payments to foreigners who work in the United States
A decrease in government regulation will shift
A. aggregate demand to the right. B. aggregate supply to the left. C. aggregate demand to the left. D. aggregate supply to the right.