Which of the following would increase the incentive for inventors to seek out new inventions?
a. Receiving a larger share of social benefits from inventions
b. Receiving all private benefits from inventions
c. Sharing intellectual property rights for inventions
d. Obtaining government funding to develop new inventions
a. Receiving a larger share of social benefits from inventions
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Which of the following is not one of the four main categories of spending identified by John Maynard Keynes?
A) government purchases B) transfer payments C) planned investment D) consumption
What is frictional unemployment?
What will be an ideal response?
If average total cost is $50 and average fixed cost is $15 when output is 20 units, then the firm's total variable cost at that level of output is
A) $1,000. B) $700. C) $300. D) impossible to determine without additional information.
If the economy is on the steep portion of the AS curve
A. government spending, but not consumption, crowds out planned investment. B. consumption, but not government spending, crowds out planned investment. C. there is little crowding out of planned investment. D. there is almost complete crowding out of planned investment.