Most innovations and inventions have come from the R&D departments of large firms.
Answer the following statement true (T) or false (F)
False
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Two random variables X and Y are independently distributed if all of the following conditions hold, with the exception of
A) Pr(Y = y = x) = Pr(Y = y). B) knowing the value of one of the variables provides no information about the other. C) if the conditional distribution of Y given X equals the marginal distribution of Y. D) E(Y) = E[E(Y )].
Property rights can be defined and enforced
a. only by the government b. only by ethical norms c. by the government and by ethical norms d. only through constant renegotiation e. by government, by informal social actions, and by ethical norms
Twelve Federal Reserve Districts operate independently but with supervision
What will be an ideal response?
The demand for labor is downward-sloping because of
A. Falling MC. B. Rising P. C. Rising MPP. D. Diminishing returns to labor.