Which of the following best describes a situation where research is considered appropriable?
A) research that is well suited to its commercial purpose
B) research that is easily copied by another firm
C) research that translates into many new products
D) all of the above
E) none of the above
D
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Ball found that an important factor affecting the sacrifice ratio is
A) the flexibility of the labor market. B) the shape of the yield curve. C) the real interest rate. D) the tightness of fiscal policy.
Which statement is correct regarding allocative efficiency in monopolistic competition?
a. When new competitors enter a monopolistically competitive industry, the demand curve for each firm will shift to the left. b. When new competitors enter a monopolistically competitive industry, the demand curve for each firm will shift to the right. c. When new competitors exit a monopolistically competitive industry, the demand curve for each firm will shift to the left. d. When new competitors enter a monopolistically competitive industry, the demand curve for each firm will not be affected.
If the marginal propensity to save in a country is 0.4, then the value of the tax multiplier is: a. ?1
b. ?0.5. c. ?2. d. ?1.5.
Macroeconomics focuses on:
A.) Government failure. B.) The behavior of individuals, firms, and government agencies. C.) Land, labor, and capital. D.) The economy as a whole.