An example of a government policy to enhance technological progress is:

A. the provision of publicly-funded education.
B. government support for basic research.
C. the construction of an interstate highway system.
D. maintaining a well-functioning legal system.


Answer: B

Economics

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Real GDP is $9 trillion in the current year and $8.6 trillion in the previous year. The economic growth rate between these years has been

A) 5.67 percent. B) 4.65 percent. C) 10.31 percent. D) 7.67 percent. E) $0.4 trillion.

Economics

Fiscal policy is most effective when

A) I is very sensitive to r. B) LP is not very sensitive to r. C) LP is very sensitive to r. D) I is not very sensitive to r.

Economics

Suppose First National Bank has $200 million of assets and $20 million of equity capital

If First National has a 2% return on assets (ROA), what is its return on equity (ROE)? Suppose First National's equity capital declines to $10 million, while its assets and ROA are unchanged. What is First National's ROE now?

Economics

If a firm operates at a loss, the loss is equal to TC - TR. If the firm shuts down instead, its loss is equal to FC. Given this, show that price must exceed AVC for the firm to operate at a loss and not shut down

What will be an ideal response?

Economics