Which of the following is an advantage of the U.S. government investing in R&D?
a. New industries and jobs are potentially created.
b. Tax rates for corporations are typically reduced.
c. The sources public goods are closely monitored.
d. The number of free riders is sharply reduced.
a. New industries and jobs are potentially created.
Government investments in R&D often lead to the creation of new industries and jobs.
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The productivity of workers in an economy is high if:
A) the economy has a negative rate of inflation. B) the economy has low capital stock. C) the economy has high levels of human capital. D) the economy has a large working age population.
A monopolist faces the inverse demand curve P = 60 - Q. It has variable costs of Q2 so that its marginal costs are 2Q, and it has fixed costs of 30. At its profit maximizing output level, the monopoly's average cost is
A) 11. B) 13. C) 17. D) 21.5.
The general rule to increase profits when two close complementary brands are jointly owned is
a. Increase prices for both brands b. Decrease prices for both brands c. Increase prices on one brand, decreasing it for the other d. Increase prices on one brand, keeping the prices of the second brand constant
When the economy is on the steeper part of the short run aggregate supply curve, efforts to bring inflation down with monetary policy will be ____ successful and efforts to stimulate the economy will be ____ successful
a. More; more b. More; less c. Less; more d. Less; less