When does technology spillover occur?
a) when a firm passes the high costs of technical research on to society through higher prices
b) when copyright laws prohibit firms from profiting from the research of others
c) when a firm's research yields technical knowledge that is used by society as a whole
d) when the government subsidizes firms engaged in high-tech research
Ans: c) when a firm's research yields technical knowledge that is used by society as a whole
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Which individual is out of the labor force?
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