Collaborative research is especially important in high-technology sectors because a single firm might not have the resources to develop a significant innovation.
Answer the following statement true (T) or false (F)
True
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Unionization rates have
A. Fallen in both the private and public sectors. B. Risen in the United States due to new favorable legislation. C. Fallen in the private sector but risen in the public sector. D. Risen in the private sector but fallen in the public sector.
On a straight line demand curve, total revenue is maximized where demand is unitary elastic.
Answer the following statement true (T) or false (F)
This table shows the demand and supply schedule of a good.Price of GoodQDemandQsupply$0.005025$0.504026$1.003528$1.503131$2.002835$2.502740According to the table shown, at a price of $0.50 quantity demanded:
A. exceeds quantity supplied and a shortage exists. B. is less than quantity supplied and a surplus exists. C. is less than quantity supplied and a shortage exists. D. exceeds quantity supplied and a surplus exists.
Refer to Figure 4.3. All else equal, an increase in the government's budget deficit accompanied by a decrease in corporate taxes would cause which of the following shifts?
A) S1 to S2 and D1 to D2 B) S2 to S1 and D1 to D2 C) S1 to S2 and D2 to D1 D) S2 to S1 and D2 to D1