Putting new ideas to work is called
A. invention.
B. innovation.
C. management.
D. MPP.
Answer: B
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An open market sale by the Fed causes the value of the dollar to
A) fall, increasing net exports. B) rise, reducing net exports. C) fall, reducing net exports. D) rise, increasing net exports.
The leader of the monetarist school and major proponent of a monetary growth rule was
A) Ben Bernanke. B) Paul Volcker. C) Milton Friedman. D) Alan Greenspan.
Which of the following is not an example of human capital formation?
A) Increases in the educational achievements of the population B) Increases in job skills of the labor force C) Improvements in the nutrition and health of the labor force D) Increases in the birth rate of the population
Rent seeking is
A) when consumers search for the lowest possible rent on housing. B) illegal in the U.S. C) what regulators do to improve their chances of getting jobs in the regulated industry after they leave government service. D) where firms expend effort and money to profit from government actions.