In contrast to government research and development, private sector R&D has:
a. more impact on productivity since most government R&D focuses narrowly on military applications
b. more impact on productivity since most government R&D focuses narrowly on the service sector.
c. more impact on productivity since most government R&D focuses narrowly on not-for-profit activities.
d. less impact on productivity since the government is more motivated and able to hire better people and facilities.
e. less impact on productivity since firms tend to hold back on research when results are easily copied.
a
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The aggregate supply curve will shift to the right when the:
A. amount of labor in the society decreases. B. capital stock of the society shrinks. C. amount of natural resources in the society gets smaller. D. amount of labor in the society increases.
Which of the following types of unemployment would best characterize a snow ski instructor's unemployment during the summer months?
A. Frictional unemployment. B. Cyclical unemployment. C. Structural unemployment. D. Seasonal unemployment.