What ways can entrepreneurs promote technological progress and economic growth?
a. create a new product
b. make an existing product better
c. find new ways to make old products
d. all of the above are ways to promote technological progress and economic growth
d
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Which of the following institutions is NOT a depository institution?
A) the U.S. Treasury B) a commercial bank C) a money market mutual fund D) a thrift institution, such as a savings and loan association
Stagflation at the end of the 1970s was marked by increasing inflation and unemployment
Indicate whether the statement is true or false
The income approach to calculating GDP:
A. is more accurate than using the expenditure approach. B. is less accurate than using the expenditure approach. C. will generate the same answer as using the expenditure approach. D. is simpler to calculate than the expenditure approach.
The first discovery of the water-soluble material used in contact lenses is an example of:
A. innovation. B. invention. C. creative destruction. D. diffusion.