The government of an island nation is running a contest to see who can design a highly efficient desalination machine. The winner will get a contract to build and install the machines in every city along the coast, as well as a $10 million dollar grant for further research. This government is investing in ______.

a. new growth theory
b. technology
c. human capital
d. physical capital

b. technology

Economics

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If you think that the economy is entering a recession, and fear that you might lose your job, explain how your actions of lowering your consumption level might actually increase the probability that you do lose your job

Economics

An individual would suffer lower losses or maybe even gain from an unexpectedly higher inflation rate if

a. she held much currency and on net was a lender. b. she held much currency and on net was a borrower. c. she held little currency and on net was a lender. d. she held little currency and on net was a borrower.

Economics