All of the following are cited as factors in explaining U.S. competitiveness EXCEPT
A) large investments in scientific research.
B) economic restructuring.
C) widespread entrepreneurship.
D) reducing the federal deficit.
Answer: D
Economics
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Governments grant patents to encourage
A) research and development on new products. B) competition. C) low prices. D) firms to form public enterprises.
Economics
If a consumer purchases a combination of commodities a and b such that MUa/Pa = 50 and MUb/Pb = 30, to maximize utility, the consumer should buy:
a. less of both a and b b. more of both a and b c. more of a and less of b d. less of a and more of b
Economics