You own shares in a start-up internet company. If large swings in the stock market increase financial investors' concerns about market risk, then the price of your shares will ________, holding other factors constant.

Which of the following policies is not aimed at stimulating technological progress?

a. subsidies to public universities. b. tax breaks on stock gains. c. tax breaks on research and development. d. the granting of patents.

The benefit of a subsidy accrues mostly to consumers

A) in every instance. B) if Ed/Es is large. C) if Ed/Es is small. D) if Ed and Es are equal. E) in no instance.