New scientific knowledge mainly comes from university and government laboratories, not private firms, because:
A. large corporations do not have funds available to channel toward basic research.
B. government pays scientists higher salaries than do private firms.
C. entrepreneurs find it difficult to secure venture capital to finance innovation.
D. basic scientific principles, as such, cannot be patented and do not always have commercial
Answer: D
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Which of the following is NOT directly included in U.S. GDP?
A) sales to tourists of beach umbrellas in Hilton Head, South Carolina B) ticket sales to Ripley's Aquarium in Gatlinburg, Tennessee C) sales of sandwiches at a Subway store in Bangor, Maine D) popcorn purchased by a movie theater chain in Georgia E) movie tickets purchased by consumers in Georgia
The smaller the fraction of an investment financed by borrowing,
A) the smaller the potential return and the greater the potential loss on that investment. B) the greater the potential return and potential loss on that investment. C) the greater the potential return and the smaller the potential loss on that investment. D) the smaller the potential return and potential loss on that investment.
The compensated demand curve
A. shows how the quantity demanded changes when the price changes. B. shows how income is compensated, so that the individual's commodity bundle stays on the same indifference curve. C. is sometimes referred to as the Hicksian demand curve. D. all of these answer options are correct.
Which of the goals pursued by policymakers in an open economy is desirable because it reduces the uncertainty of conducting economic activity across borders?
A) exchange-rate stability B) monetary policy independence C) free capital flows D) appreciation of the domestic currency