Most innovations in the economy come from
A. many different industries in a few countries.
B. a few industries in many different countries.
C. many different industries in many different countries.
D. a few industries in a few countries.
E. a few industries in the United States.
Answer: D
You might also like to view...
As a source of bank funds, __________ has fallen by nearly two-thirds in relative importance since 1970
A) time deposits B) transactions deposits C) savings deposits D) equity
Which of the following is an equilibrium condition of the short-run macro model?
a. Taxes equal transfers. b. Imports equal exports. c. Aggregate expenditure equals output. d. Consumption spending equals autonomous consumption spending. e. Consumption spending equals investment spending plus government spending.
In an increasing cost industry, the long-run supply curve is
a. positively sloped. b. negatively sloped. c. horizontal. d. vertical.
If Maria changes the prices of her products because she anticipates a change in government economic policies, her behaviour exemplifies ______.
a. a sacrifice ratio b. gradualism c. indexing d. rational expectations theory