The Human Genome Project is a useful example of
A. private sector and public sector collaboration.
B. government-conducted research.
C. private sector research.
D. government spending.
Answer: A
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The balanced budget multiplier is based on the point that the ________ multiplier is larger than the ________ multiplier so that an equal increase in government expenditure and taxes ________ aggregate demand
A) tax; expenditure; does not change B) expenditure; tax; does not change C) expenditure; tax; decreases D) expenditure; tax; increases E) tax; expenditure; decreases
Refer to the table and information below. What is the total amount that the government should spend on construction projects?
A government is considering undertaking one or more construction projects. The estimated marginal costs and benefits of each project are given in the table.
A. $8 million
B. $14 million
C. $19 million
D. $37 million
Answer the following statements true (T) or false (F)
1) The law of increasing opportunity costs limits international specialization. 2) Answer the question on the basis of the following information. Assume that by devoting all its resources to the production of X, nation Alpha can produce 40 units of X. By devoting all its resources to Y, Alpha can produce 60Y. Comparable figures for nation Beta are 60X and 40Y. Refer to the given information. Alpha should specialize in Y and Beta in X. 3) Answer the question on the basis of the following information. Assume that by devoting all its resources to the production of X, nation Alpha can produce 40 units of X. By devoting all its resources to Y, Alpha can produce 60Y. Comparable figures for nation Beta are 60X and 40Y. Refer to the given information. The terms of trade will be at or within the 1X = 1½Y to 1X = 2 / 3 Y range. 4) Answer the question on the basis of the following information. Assume that by devoting all its resources to the production of X, nation Alpha can produce 40 units of X. By devoting all its resources to Y, Alpha can produce 60Y. Comparable figures for nation Beta are 60X and 40Y. Refer to the given information. Alpha would prefer terms of trade at, or close to, 1X = 1½Y.
Capital flight refers to:
A. the tendency of large corporations of IACs to build new plants in the DVCs because labor is cheaper. B. DVC citizens accumulating or investing their savings in the IACs. C. the high international mobility of speculative funds caused by variations in exchange rates. D. the tendency of DVCs to overinvest in commercial aircraft.