In order to fully realize the gains from entrepreneurial innovation,
a. the government should subsidize potential entrepreneurs.
b. it must be relatively easy for people to put their ideas in motion.
c. it must be relatively difficult to continue implementing a bad idea.
d. both a and b must be true.
e. both b and c must be true.
E
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If a friend of yours keeps cash hidden under the mattress, he is using money as a
A) medium of exchange. B) unit of accounting. C) store of value. D) standard of deferred value.
What will cause outward shift of the Demand curve for electricity?
a. decrease in price of electricity b .increase in price of A/C c. Increase in price of heating oil d. decrease in price of natural gas e. increase in price of electricity
The coefficient of determination (R2) decreases when an independent variable is added to a multiple regression model.
Answer the following statement true (T) or false (F)
The increase in welfare in both countries that results from specialization and trade is called:
A. deadweight gain. B. exportation surplus. C. gains from trade. D. surplus enhancement.