Public sector and private sector collaboration is one way to support R&D.
Answer the following statement true (T) or false (F)
True
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Output in the long run is determined by which of the two following factors when an economy operates at full employment?
A) capital and supply B) capital and labor C) the "real" GDP and purchases D) imports and exports
An export subsidy will cause the terms of trade of the ________ country to ________ and will ________ the country
A) exporting; suffer; harm B) exporting; improve; benefit C) importing; suffer; harm D) importing; suffer; benefit E) importing; improve; harm
The theory of purchasing power parity assumes that
A) movements in nominal exchange rates are the result of movements in relative price levels. B) real exchange rates are volatile. C) movements in nominal exchange rates are the result of movements in real exchange rates. D) inflation rates are roughly the same in most countries.
The primary difference between a proprietorship and partnership form of business organization is
a. the proprietorship is subject to unlimited liability, and a partnership is subject to limited liability b. the proprietorship is primarily international, and the partnership is primarily multinational c. the number of persons involved in the ownership and management of the enterprise d. the proprietorship produces products, and the partnership produces services e. the proprietorship finances expansion through the issue of stocks, and the partnership relies on bonds