Entrepreneurs:
A. include everyone engaged in R&D work.
B. are located in small enterprises only.
C. differ from other innovators because of the risks entrepreneurs must bear.
D. work exclusively in government and university R&D laboratories.
Answer: C
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If the domestic producers of a good are hurt by a free trade, it suggests that the country:
A. is a net exporter of that good. B. is not able to produce that good. C. is a net importer of that good. D. has a comparative advantage in that good.
What is the "invisible hand"?
What will be an ideal response?
The productivity slowdown in the United States from 1973 to 1995
A. can be explained easily with economic theory. B. continued into the third millennium. C. still confuses economists. D. was a continuation of the slowdown from 1948 to 1973.
What proportion of the federal spending is available for discretionary spending?
A. 9 percent. B. 14 percent. C. 23 percent. D. 46 percent.