Much of macroeconomics is concerned with advising governments on ways to ________ business cycles, since it is desirable to ________
A) amplify, create the greatest cyclical peaks possible
B) amplify, create deep recessions to cool down the economy
C) dampen, avoid both very low troughs and very high peaks
D) dampen, keep the economy at its maximum productive capacity
C
Economics
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Private costs of an economic activity exceed social cost when external benefits are created
a. True b. False Indicate whether the statement is true or false
Economics
Why are patents in the biotechnology and semiconductor industries often irrelevant?
a. Technology is advancing very quickly. b. Foreign countries lack intellectual property laws. c. The length of a patent is shorter than necessary. d. Patent laws do not apply to these industries.
Economics