Imposing a tax on sales of a product
A) shifts the market demand curve for the product.
B) shifts the market supply curve for the product.
C) shifts both the market supply and demand curve for the product.
D) has no effect on either the market demand or the market supply curve for the product.
B
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Financing accounts receivable and inventory is known as
A) capital financing. B) working capital financing. C) long-term financing. D) equity financing.
In contrast to government research and development, private sector R&D has: a. more impact on productivity since most government R&D focuses narrowly on military applications
b. more impact on productivity since most government R&D focuses narrowly on the service sector. c. more impact on productivity since most government R&D focuses narrowly on not-for-profit activities. d. less impact on productivity since the government is more motivated and able to hire better people and facilities. e. less impact on productivity since firms tend to hold back on research when results are easily copied.