Which of the following measures does not help promote technological progress?
(A) Reducing the scale of the market for a new product.
(B) Training programs for workers.
(C) Increased wages for researchers.
(D) Issuing a patent to a company that invents a new product.
Ans: (A) Reducing the scale of the market for a new product.
Economics
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How would the U.S. Bureau of Labor Statistics classify a 20-year old individual enrolled in college full-time and working 5 hours per week in the campus bookstore?
Select one: a. Not in the labor force b. A discouraged worker c. Not surveyed d. Employed
Economics
Define the following terms carefully: (a) Full employment (b) Purchasing power of money (c) Real wage rate (d) Relative price
What will be an ideal response?
Economics