Esme’s government provides grants to companies to help them pursue research opportunities. It also invests heavily in its own research and development efforts. How has this most likely changed Esme’s country?
a. Labor productivity and growth have been hindered.
b. The need for human capital has been reduced.
c. Productivity and economic growth have been improved.
d. The standard of living has declined.
c. Productivity and economic growth have been improved.
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The official Federal Reserve strategy for implementing its monetary policy objectives is spelled out in the
A) Federal Reserve Board (FRB) Decree. B) Federal Reserve Bank Cooperative (FRBC) Proposal. C) Federal Advisory Committee (FAC) Statement. D) Federal Open Market Committee (FOMC) Directive.
By discriminating between the consumers, the monopolist actually takes away a portion of the consumer surplus
a. True b. False Indicate whether the statement is true or false
If the quantities in the demand schedule in the table above were reduced by 2 units at each price, you would conclude that
A. demand increased.
B. demand decreased.
C. the demand curve shifted to the right.
D. both demand increased and the demand curve shifted to the right.
Advocates of cutting taxes rather than increasing government expenditures in response to a recession argue that the increase in spending by consumers and business may be more effective than that of the government. Explain this argument