Governments that discourage profit seeking will tend to encourage more innovation because the best innovators are motivated by inner creativity and not money.
Answer the following statement true (T) or false (F)
False
In practice, the profit motive tends to promote innovation because businesses that can profit from innovation tend to devote resources to innovation.
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A prolonged recession in Europe should decrease the
A. supply of U.S. dollars. B. demand for U.S. dollars. C. supply of U.S. goods and services. D. demand by Americans for euros.
Because Federal Reserve Notes (paper currency) are legal tender
A) U.S. creditors must accept them in payment of debts. B) U.S. workers must accept them as payment for labor services. C) U.S. firms must accept them as payment for goods and services. D) All of he above are correct.
The amount of a product that is produced is most directly affected by
A. labor unions. B. product utility. C. product value. D. consumer demand
To raise the United States' rate of economic growth, we need more and better _______ as well as more and better ________.
Fill in the blank(s) with the appropriate word(s).