Which of the following best explains why most basic scientific research in the United States is financed by the government?
A. Basic scientific research takes a long time to become commercially viable.
B. Basic scientific research rarely results in commercially viable discoveries.
C. Federal law limits basic scientific research because of potential national security threats.
D. Private firms collectively spend far less on all types of R&D than the federal government.
Answer: A
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The Federal Reserve increases interest rates when it wants to reduce aggregate demand to fight inflation. How do increases in the interest rate reduce aggregate demand?
What will be an ideal response?
If market participants have rational expectations,
A) they can assume the stock prices they observe represent the fundamental values of those stocks B) they know to purchase stocks that are priced below their fundamental value C) they will achieve higher returns than those with adaptive expectations D) they can earn above-average returns on their investments
If foreign professionals perform equal quality work more cheaply than American professionals it is because
a. American professionals have lower opportunity costs that foreign professionals. b. foreign professionals have lower opportunity costs than American professionals. c. foreign professionals have a higher cost of living than American professionals. d. American professionals have a higher cost of living than foreign professionals.
A decline in which of the following types of spending was not generally considered a part of the beginning and continuation of the Great Recession?
A) residential investment spending B) federal government spending C) consumer durables spending D) business investment spending