Nearly half of federal government research and development spending takes place in the
a. National Science Foundation.
b. National Aeronautics and Space Administration (NASA).
c. Department of Defense.
d. Federal Office of Technology Policy.
c
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Which of the following is NOT an example of a consumption expenditure?
A) a restaurant meal B) a digital camera you purchase to take on vacation C) a new county jail D) a motorcycle you purchase to ride on the weekends
The budget line in portfolio analysis shows that
A) the expected return on a portfolio increases as the standard deviation of that return increases. B) the expected return on a portfolio increases as the standard deviation of that return decreases. C) the expected return on a portfolio is constant. D) the standard deviation of a portfolio is constant. E) a riskless portfolio will earn a zero return.
Consider the following statements when answering this question. I. As Boeing's production fell 10% to 100 planes last year, learning by doing cannot account for this year's changes in long-run average costs. II
Failure to take into account the effects of learning by doing will lead to overestimates of the cost-output elasticity. A) I is true, and II is false. B) I is false, and II is true. C) Both I and II are true. D) Both I and II are false.
What is the term used for the process by which an entrepreneur creates or recognizes a new and better product, acquires it, and brings it to market, making older substitutes obsolete?
a. creative destruction b. innovation c. the substitution effect d. backward-bending innovation