Basic research:
a. usually has a larger immediate payoff than applied research
b. is more practical than applied research.
c. is the search for general knowledge without a specific product or procedure in mind.
d. is research done by a firm to market a good.
e. is research done by a firm during the production of a good.
c
Economics
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Which of the following could not contribute to differences in wage rates across markets?
a. differences in training and education requirements b. job discrimination c. differences in risk d. problems of labor mobility e. distribution of a new national help-wanted newspaper
Economics
The chairman of the Board of Governors of the Federal Reserve System is appointed by the Senate and approved by the President
a. True b. False
Economics