In order to influence the interest rate, the Federal Reserve System can immediately adjust the
A) reserves of the banking system.
B) inflation level.
C) unemployment rate.
D) taxes that citizens must pay.
E) amount the government borrows.
A
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Private businesses tend to spend too little on research and development, because ________
A) investments to increase the capital stock are a better way to boost productivity B) governments tend to spend too much on research and development C) patent laws make it difficult to reap the benefits of such spending D) technology is often nonexcludable
From these figures we can conclude that
A. China has a comparative advantage in rice.
B. China has a comparative advantage in radios.
C. the United States has a comparative advantage in radios.
D. neither has a comparative advantage in these two goods.