Economists typically agree that the special protection given to owners of patents tends to
A) reduce economic growth.
B) reduce productivity.
C) reduce expenditures on research and development.
D) increase expenditures on research and development.
D
Economics
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Refer to the table. For the open economy, the equilibrium GDP and the multiplier are:
Complete the following table and answer the question on the basis of the resulting data. All figures are in billions of dollars.
A. $300 and 2.5.
B. $450 and 5.
C. $400 and 4.
D. $400 and 5.
Economics
The activity known as shirking is LEAST likely to occur when:
A. all workers are paid the same wage rate. B. firm ownership is separated from the managerial control. C. the earnings of a worker are closely tied to the worker's output. D. workers are not monitored.
Economics