_______ ________theory argues that the greater the? rewards, the more rapid the pace of technology. And greater rewards spur research and development.
Fill in the blank(s) with the appropriate word(s).
New growth
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If the present value equation used to calculate the price of a stock you are considering buying is "[$12 / (0.05 - 0.02)], which of the following is correct, assuming that dividends will grow at a constant rate?
A) The dividend is $12 per share, the dividend growth rate is 2 percent, and the interest rate is 5 percent. B) The stock price is $12, the dividend growth rate is 5 percent, and the interest rate is 3 percent. C) The dividend is $12 per share, the dividend growth rate is 5 percent, and the interest rate is 2 percent. D) The stock price is $12, the dividend growth rate is 2 percent, and the interest rate is 5 percent.
When a tax is levied on a good,
a. government collects revenues which might justify the loss in total welfare. b. there is a decrease in the quantity of the good bought and sold in the market. c. a wedge is placed between the price buyers pay and the price sellers effectively receive. d. All of the above are correct.
Joe prefers a three-pack of soda to a six-pack. What properties does this preference violate?
A. Diminishing MRS B. Transitivity C. More is better D. Completeness
Refer to the above supply and demand graph for a public good. Line segment ad represents the amount at Q1 by which the:
A. marginal benefit of this public good is greater than the marginal cost. B. total benefit of this public good is greater than the total cost. C. marginal benefit of this public good is less than the marginal cost. D. total benefit of this public good is less than the total cost.