The impact of computers on U.S. productivity growth:
a. has been disappointingly small—about one-half percentage point annually between 1972 and 1996.
b. has been dramatic, contributing to significant growth during the early years of the 21st century.
c. has been significant in the health care sector but not elsewhere
d. has actually been negative in most industries.
e. was greater during the period 1972–1990 than it has been since that time.
b
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Patent laws
a. reduce incentive to innovate by restricting market entry b. reduce incentive to innovate by making it difficult to use the patented innovation c. increase incentive to innovate by restricting entry into a market d. increase incentive to innovate by giving a firm permanent and exclusive production rights e. give a firm the right to provide a wide variety of goods or services
The most prominent task of a central bank is to conduct _________ policy, which involves changes to interest rates and credit conditions, affecting the amount of borrowing and spending in an economy.
a. domestic b. legal c. monetary d. banking
The pre-1973 farm price support program resulted in a(n)
a. substantial increase in the number of farmers b. substantial increase in the number of farms c. excess demand for farm goods d. excess supply of farm goods e. major benefit to consumers of farm goods
If government has no debt initially but then has annual revenues of $1.5 billion for 10 years and annual expenditures of $1.6 billion for 10 years, then the government has a:
A. deficit of $100 million and a debt of $1 billion per year. B. deficit of $100 million per year and a debt of $1 billion. C. surplus of $100 million per year and a debt of $1 billion. D. surplus of $100 million and a debt of $1 billion per year.