Government agencies, such as the National Science Foundation, subsidize basic research because in the absence of a subsidy too little research would be conducted
a. True
b. False
Indicate whether the statement is true or false
True
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Residential housing consumption is not affected by U.S. personal income taxes.
A. True B. False C. Uncertain
Schumpeter maintains that recessions provide businesspeople with incentives to advance technologically
Indicate whether the statement is true or false
The formula that is generally used to measure productivity is
A. goods divided by time. B. labor divided by resources. C. outputs divided by inputs. D. inputs divided by labor.
Refer to the information provided in Table 31.1 below to answer the question(s) that follow.Table 31.1PeriodQuantity of Labor (L)Quantity of Capital (K)Total Output (Y)1 50 50 2002 60 50 2203 70 50 2354 80 50 245Refer to Table 31.1. From Period 2 to Period 3, the marginal return to labor is equal to
A. 0.67. B. 1.5. C. 3.36. D. 3.76.