When technology spillover occurs,
a. it is the government's responsibility to own firms that are engaged in high-tech research.
b. a firm's research yields technological knowledge that can then be used by society as a whole.
c. those firms engaged in technology research should be taxed by the government.
d. firms invest in the latest production technology and the cost of that technology "spills over" to the prices consumers must pay for the product.
b
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The figure above shows that the government subsidy accounts for ________ percent of the farmers' revenue
A) 33 B) 67 C) 50 D) 100 E) 25
A recent study by economists at the Federal Reserve Bank of New York estimates that over the period from 1970 to 2013, the average college graduate earned ________ more per year than the average person who had only a high school degree
A) $5,750 B) 13,275 C) $23,500 D) $44,400