To incentivize R&D, the government proposes to take on a company's costs if its product does not succeed. This would lead to
a. The company developing a lot more products with a low risk of failure
b. The company developing a lot more products with a high risk of failure
c. The company developing no high risk products
d. The company going bankrupt
b
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________ are documents that represent agreements between two or more parties about rights to payments of money
Fill in the blank(s) with correct word
In the above figure, the opportunity cost of moving from point D to point E is
A) 75 guitars. B) 55 guitars. C) 100 ukuleles. D) 100 guitars.
If the Irish pound declines in value against other major currencies, which of the following happens?
a. The Irish trade deficit will increase. b. The Irish trade deficit will be unaffected. c. The Irish trade deficit will decrease. d. Irish products will become more expensive to foreigners. e. Foreign goods will become cheaper in Ireland.
Suppose GDP for 2009 was $1,500, wages and salaries were $800, rent payments were $200, consumption was $1000 . and interest payments were $200 . What must the value of profits have been?
a. $200 b. $500 c. $0 d. $100 e. $300