A stock market boom increases wealth and thus consumption.
Answer the following statement true (T) or false (F)
True
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Government takeover of a foreign corporation is called
a. joint venture b. expropriation c. imperialism d. nationalization e. all of the above
As of 2013, which was the only country in the world to be debt-free?
A. Brunei B. Greece C. Japan D. Korea
When perfectly competitive firms are earning zero accounting profits, a. we would expect entry into the industry
b. we would expect stability in the industry, since it is in long run equilibrium. c. we would expect exit from the industry. d. we would expect none of the above.
Which of the following is intended to improve the rate of return for inventors of new technology?
a. Tax breaks for firms that engage in R&D b. Low rates for capital investment projects c. Shorter periods for patent protection d. Less government oversight in R&D projects