In Canada, the Ontario government provides a tax credit to firms that spend on scientific research and experimental development. This tax credit will:
A) shift these firms' production functions upward through innovation and creative ideas.
B) reduce the amount of money firms spend on research and development.
C) increase the marginal cost of producing each unit of output.
D) shift these firms' production functions downward by the amount of the tax credit.
Correct Answer:
Verified
Q2: The Industrial Revolution led to:
(i) increased intellectual
Q3: A production function is:
A)the amount of money
Q4: Which of the following scenarios shows a
Q5: The U.S. government provides a research and
Q6: Human capital refers to:
A)worker skills and knowledge.
B)work
Q8: Physical capital refers to:
A)the money available for
Q9: The aggregate production function connects:
A)products to the
Q10: Along the same aggregate production function, the
Q11: The aggregate production function is represented as:
A)Y
Q12: The aggregate production function Y = f(L,
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