Which of the following policies is designed specifically to directly promote technological change in an economy?
A) laws to strengthen property rights
B) government subsidization of research and development
C) tax incentives to promote investment in 401K plans
D) a vaccination program to combat infectious diseases
B
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In the absence of natural monopoly conditions, firms in a contestable market will
a. choose their price and output competitively. b. be able to successfully form a cartel and share monopoly profit. c. will not produce their output at the lowest possible cost. d. produce more than a monopoly but less than a competitive industry.
The indirect channel of finance runs through ________, where securities ________ purchased by the savers themselves
A) financial markets, are B) financial markets, are not C) financial intermediaries, are D) financial intermediaries, are not
When other nations Orient "dump" products on the U.S. market, they
a. sell at prices that do not cover costs of production. b. sell at prices lower than prices charged to their own domestic customers. c. expect the United States to help pay any industrialists' losses. d. All of the above are true.
Recall the Application about allegations that the makers of branded drugs made deals with generic drug makers once the patents expired on branded drugs to answer the following question(s).Recall the Application. When a patent ends and generic drugs are introduced, there is downward pressure on price. Therefore, the makers of the brand name drug will:
A. raise their price. B. abandon the product. C. claim the generic is not as good as the patent version of the drug. D. price discriminate.