What evidence exists that industrial concentration increases the rate of technologicaladvance?
What will be an ideal response?
Unlike small firms, most large firms engage in research and development. When research and development expenditures are considered as a percentage of sales, firms in industries with high concentration ratios spend more on research and development than firms in industries with low concentration ratios.
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The economy is in a recessionary gap and there is evidence that the economy is in a liquidity trap. In this situation, a Keynesian is likely to advocate the use of __________ policy
A) expansionary fiscal B) contractionary fiscal C) expansionary monetary D) contractionary monetary
If 1 U.S. dollar exchanges for 0.9 Canadian dollars, how much would it cost in U.S. dollars and cents to purchase a Canadian hockey jersey priced at 45 Canadian dollars?
What will be an ideal response?
Which of the following is NOT a likely market solution to the lemons problem?
A) average cost pricing B) product warranty C) industry standard D) product certification
The ideas of economist Arthur Laffer became the centerpiece for tax policy during the:
A. Ford administration. B. Clinton administration. C. Nixon administration. D. Reagan administration.