The federal government began issuing inflation-indexed Treasury bonds in
A. 1913.
B. 1989.
C. 1997.
D. 2001.
Answer: C
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In the case of the Ford Pinto, Ford decided that
A) it would be cheaper to pay damages to families involved in crashes than to fix the problems with the Pinto. B) it would be more expensive to pay damages to families involved in crashes than to fix the problems with the Pinto. C) the problems with the Pinto could not be easily or cheaply fixed. D) it would not be held liable for damages caused by the Pinto and therefore had no reason to fix them.
The difference between basic and applied research is that: a. basic research does not promote resource productivity while applied research does. b. applied research does not promote resource productivity while basic research does. c. basic research has less immediate payoff to society than applied research typically does. d. basic research occurs in science, while applied research occurs in
industry. e. only the government promotes basic research.
Patent and copyright laws are major sources of
a. natural monopolies. b. government-created monopolies. c. resource monopolies. d. antitrust regulation.
Exhibit 4-3 Supply and demand curves
The market shown in Exhibit 4-3 is initially in equilibrium at E4. Changes in market conditions result in a new equilibrium at E3. This change is stated as a(n):
A. increase in supply and an increase in quantity demanded. B. increase in supply and a decrease in demand. C. decrease in supply and a decrease in quantity demanded. D. increase in demand an increase in supply.