For the average American, innovation has led to:
a. an average income that is below many countries because of monies spent on R&D
b. an average income that is not paralleled anywhere in the world
c. an average income that exceeds that of all but the richest countries
d. None of the above is correct.
b
You might also like to view...
Use the following graph for a private closed economy (an economy with only a private sector and no international trade) to answer the next question.
The equilibrium level of real GDP in this economy is
A. $250 billion. B. $350 billion. C. $450 billion. D. $150 billion.
A stock is an IOU and a bond represents ownership in a company
Indicate whether the statement is true or false
Upwardly mobile workers who may be between jobs are considered
a. frictionally unemployed b. structurally unemployed c. cyclically unemployed d. unemployable e. discouraged workers
Which of the following is an example of a company whose stock showed evidence of a price bubble?
A. Facebook B. Google C. Amazon D. All of these responses are correct.