Which one of the following is TRUE?
A) In the U.S., research and development is funded both by private firms and by governments.
B) The lack of well-defined property rights in the U.S. means that entrepreneurs do not expect to capture the benefits of innovations they bring to the marketplace
C) The U.S. is running out of natural resources, and therefore it will soon experience a drop in the rate of economic growth
D) Improvements in labor productivity over the past 50 years have created chronic unemployment in the U.S.
Correct Answer:
Verified
Q22: Research has shown that the growth of
Q23: Which one of the following is FALSE?
A)
Q24: The reason that the government offers inventors
Q25: A document issued by the government to
Q26: Often, it is entrepreneurs who undertake the
Q28: Which of the following is NOT an
Q29: Which of the following is an obstacle
Q30: Which one of the following factors is
Q31: Saving is an important component of economic
Q32: Economic growth is reflected in
A) an increase
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