Technology spillover occurs when a firm's research yields technical knowledge that is used by society as a whole copyright laws prohibit firms from profiting from the research of others the government subsidizes firms engaged in high-tech research a firm passes the high costs of technical research on to society through higher prices

Q: The figure above shows the log of UK real GDP per capita between 1875 and 1914. Which of the…

A: The term GDP represents "Gross Domestic Product." It is a crucial economic metric for evaluating the…

Q: Deflation is a phenomenon that describes O A. a decrease in the rate of inflation. O B. a very rapid…

A: Option (C) is correct.

Q: The derivation of an economy's aggregate demand (AD) curve O A. is based upon economy-wide…

A: The aggregate demand curve indicates the total quantity demanded of all goods as well as services by…

Q: Answer the question based on the table below showing the marginal utility schedules for product X…

A: Utility-maximizing combination: A firm maximizes its utility combination where the marginal utility…

Q: During a recession, O A. investment responds strongly to lower interest rates since investment and…

A: A recession is an economic slowdown or a contraction in terms of economic activities, it may lead to…

Q: 20. If the price is $10, then there would be a 600 units, and price would rise. of 400 units and…

A: Suppose, the quantity demanded exceeds the quantity supplied at a particular price, it results in a…

Q: 20. International trade and domestic trade differ because of: Different government policies b. Trade…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Using money as a medium of exchange is more efficient than barter because

A: Introduction of money helps to overcome the defects of barter system.

Q: 7. In an efficient market, professional portfolio management can offer all of the following bellells…

A: A market where the stock prices tend to trade at a fair market value that in turn reflects all of…

Q: Assume that in 2015, the following prevails in the Republic of Nurd: Government spending (G) = $0…

A: Y is given as $200 Thus, Yd will be: Yd=Y-TYd=200-0Yd=200 (Since taxes is 0) Now, consumption and…

Q: Nominal output is measured in dollars and real output is measured in dollars. O A. current; base…

A: Option (A) is correct.

Q: In macroeconomics we study the interactions of three markets: O A. stock market, bond market, and…

A: There are two area of the study of economics i.e. Micro economics and Macro economics. Micro…

Q: Which of the following movements would represent a decrease in the quantity supplied? P 9+ 8+ 7+ 6+…

A: The demand curve is the downward-sloping curve. The supply curve is the upward-sloping curve. The…

Q: All of the following changes shift the consumption function except: A. an increase in income. B. an…

A: Factors that affect consumption function are: 1.Income: when income increases,consumption increases…

Q: Household consumption is affected by which of the following? Interest rato

A: Household consumption is affected by various factors.

Q: Assume that in 2015, the following prevails in the Republic of Nurd: Government spending (G) = $0…

A: It is known that savings is equal to investment, which means that      I=S 30=0.25YdYd=120 Thus, the…

Q: Refer to Figure 4-18. At a price of $35, there would be a

A: As shown in diagram At price $35 Quantity demanded = 200 units Quantity Supplied = 600 units

Q: What are the two equivalent formulas for investment multiplier? O A. 1 and MPC 1- MPS OB. 1- MPC MPC…

A: We know that aggregate output in closed economy is given by   Y = C+I+GWhere C =c+MPC×YSo Y=…

Q: sing the price to charge consumers. There are no capacity constraints. Consumers purchase the firm…

A: Under the Bertrand model, firms compete the prices. The price keeps on declining until it becomes…

Q: Tamara lost her job as a cashier in the retail store when the store went out of business due to a…

A: Tamara lost her job because of change in business conditions. When there is change in business cycle…

Q: 28. Over the business cycle, investment spending GDP. a. is more volatile than b. is inversely…

A: Investments have ideal substitutes, such as savings bank accounts, which have some returns and can…

Q: Labor productivity In the U.S. In the periods 1973–1995 and 1995–2010 grew at average rates of…

A: The measure for the performance of the economy which compares the amount of goods and services being…

Q: IC E 9 4 Jimmy can consume goods X and Y. The graph above represents one of his indifference curves…

A: The amount of money a consumer has available for consumption is determined by income on the one…

Q: If an industry consists of 20 firms holding equal market shares, the Herfindahl index is a. 400. b.…

A: Here, it is given that there are 20 firms in a market with equal market share.

Q: Suppose, you are lending money to your friend Julia and you want a real rate of return of 6.50%.…

A: The formula for calculating normal interest rate is: Nominal interest rate = real interest…

Q: Consider the local cable company, a natural monopoly. The following graph shows the monthly demand…

A: A monopoly refers to that market scenario which consists of a single seller and the optimal…

Q: Refer to Figure below. The shaded area in the graph shows: * Frice (dellars per unit) AR - MR -P ATC…

A: The shaded area shows the profit could be made if the output increases from 7 to 8 units of the…

Q: Assume that an economy has 500 workers, each working 1,500 hours per year. If the average real…

A: Formula:  Labor productivity = Total output ÷ Total input

Q: 1200 1100 ATC 1000 900 800 700 600 500 MC Demand 400 300 200 MR 100 5 10 15 20 25 30 35 40 45 50 55…

A: In a monopolistically competitive market price is determined where P>MR=MC

Q: If the required reserve ratio is 5 percent, the money multiplier is O A. 15. ОВ. 20. C. 0.8. O D. 5.

A: Given: Required reserve ratio = 5% = 0.05% Money multiplier = ?

Q: M2, Every country can produce two goods-masks and wheat, using only their citizens' time. Consider…

A: Trade theory in international economics deals with explaining the mechanism of international trade…

Q: Using the ASIAD model, an expansionary government action would cause a greater increase in aggregate…

A: Answer - Need to find - Using the AD/As model, an expansionary government action would cause a…

Q: The EPA's pollution exhaust standards for passenger vehicles are an example of what kind of approach…

A: This can be defined as a concept that shows the positive or negative impact of any particular…

Q: A firm's total short-run cost function is C(y) = 12y3 - 8y2 +30y+ 12. What is the average variable…

A: please find the answer below.

Q: The Herfindahl-Hirschman Index (HHI), a commonly accepted measure of market concentration. If the…

A: The Herfindahl-Hirschman Index (HHI) is a measure of market concentration used to determine the…

Q: 21. If a country decreases the external value of its currency, it will affect: a. General price…

A: International trade is the process by which goods and services are exchanged between countries. The…

Q: What is an example of an economic model? a. b. Opportunity costs. Positive statements. O c. O d.…

A: An economic model is a streamlined framework that economists use to study and comprehend how…

Q: Suppose government spending and lump sum taxes are both reduced by $150 billion. As a result, GDP…

A: A fall in lump sum will increase in the disposable income and the consumption spending of the…