The evidence shows that, over the last 25 years, spending on research and development in the rich countries has
A) decreased dramatically.
B) decreased slightly.
C) remained constant.
D) increased in absolute numbers, but decreased as a percentage of GDP.
E) increased as a percentage of GDP.
E
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Which of the following CORRECTLY describes characteristics of people who earn high incomes?
I. Older, retired households have the highest incomes. II. Married couples earned higher incomes than single people. III. Households with Bachelor's degrees have higher incomes than households with doctorate degrees. A) I and II B) I and III C) II and III D) II only
The Soup Nut serves his signature minestrone soup in two different bowl sizes, large and small. What strategy should he use to extract the most surplus possible out of customers who come in two types, regular and big eaters, when he cannot distinguish between the two types by observation? a. Distort the size of the small bowl downward to make it less attractive to the big eaters, allowing him to
raise the price of the large bowl. b. Distort the size of the large bowl downward to make it attractive to both big and regular eaters. c. Distort the size of the small bowl upward to make it harder for regular eaters to separate themselves from big eaters. d. Distort the size of the large bowl upward to make big eaters less likely to consume the small bowl.