Which of the following is not an example of research and development?
A. Government funding of new public transportation technologies
B. General Motors funding a study of new internal combustion technology
C. Government funding to elementary and middle schools
D. Government funding to a biochemistry professor for the study of new pharmaceutical therapies
Answer: C
You might also like to view...
Traditionally, elementary and secondary education was an enterprise of state government
a. True b. False
If a firm uses only capital and labor as inputs, then what should the firm do at a given rate of production if the marginal physical product of labor per last dollar spent is lower than the marginal physical product of capital per last dollar spent
A) The firm should increase both the quantity of capital and the quantity of labor. B) The firm should decrease both the quantity of capital and the quantity of labor. C) The firm should increase the quantity of capital and reduce the quantity of labor. D) The firm should decrease the quantity of capital and increase the quantity of labor.
A primary market refers to a market in which outstanding shares are bought and sold
a. True b. False Indicate whether the statement is true or false
Which of the following countries has the MOST physical capital?
a. the United States b. China c. Japan d. India