Which of the following contribute to productivity growth?

A) investment in plants and equipment
B) innovation resulting in new products
C) innovation resulting in new processes
D) all of the above


Answer: D) all of the above

Economics

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Refer to the figure above. If Lithasia opens up to free trade, then which of the following statements is true?

A) The domestic production of pens in Lithasia will increase. B) The domestic price of pens will increase. C) Lithasia will start exporting pens. D) Lithasia will start importing pens.

Economics

It is often found that there is a sufficient mobility within the income distribution such that a person in the lowest quintile of income can move to the higher ones and vice versa

a. True b. False Indicate whether the statement is true or false

Economics

According to the Black-Scholes formula, the price of a European call option depends on its strike price, the current price of the underlying asset, the volatility of the underlying's price, the time to expiration, and the interest rate

Indicate whether the statement is true or false

Economics

The antitrust legislation that made it illegal for a firm to buy a competitor's voting stock was the

a. Sherman Antitrust Act b. Cellar-Kefauver Act c. FTC Act d. Robinson-Patman Act e. Clayton Act

Economics