The implementation of new technology can be quick throughout the world if
(a) patent rights are leased and purchased.
(b) unions are strong.
(c) economies are closed to foreign competition.
(d) tariffs are placed on those imported goods and services benefiting from
the technological advancements in the rest of the world.
(a)
Economics
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Suppose a bank has $600,000 in deposits, a reserve ratio of 20 percent, and bank reserves of $240,000. This bank can make new loans in the amount of
A) $840,000. B) $360,000. C) $120,000. D) $12,000.
Economics
Minimum wages:
A) benefit all workers. B) are usually set below equilibrium wages. C) can reduce wage rigidity. D) can increase unemployment.
Economics