Which of the following measures does not help promote technological progress?
(A) Reducing the scale of the market for a new product.
(B) Training programs for workers.
(C) Increased wages for researchers.
(D) Issuing a patent to a company that invents a new product.
Ans: (A) Reducing the scale of the market for a new product.
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Consider a setting in which there is a negative externality, but no positive externality. The market outcome is __________________; government can bring about the ___________________ outcome if it sets a tax equal to the __________________
A) efficient; inefficient; MSC B) efficient; inefficient; MEC C) inefficient; efficient; MEC D) inefficient; efficient; MPC E) inefficient; efficient; MSB
The short-run aggregate supply curve has a
A) negative slope. B) positive slope. C) slope equal to infinity. D) slope equal to zero.