Governments should support research and development efforts because such efforts ______.
a. promote international economic equilibrium
b. are usually popular with the general public
c. reduce the need for free international trade
d. can result in innovations that promote rapid economic growth
d. can result in innovations that promote rapid economic growth
Economics
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Income inequality is greatest in which of these four? countries?
A. Britain B. France C. United States D. Japan
Economics
When market price is higher than the equilibrium price, a surplus is created. This will put downward pressure on price, causing quantity demanded to increase and quantity supplied to decrease until equilibrium is reestablished
Indicate whether the statement is true or false
Economics