Which of the following stands true for technological innovation?
a. Actual changes in technology proceed as evenly as expenditures on research and development.
b. A decline in spending on research and development may indicate less of a commitment to increasing productivity.
c. The purchase of computer hardware or software as investment is not advised because of continuous innovations in the field of IT.
d. In developing countries, the benefits of IT innovations are being fully exploited because of a large population.
e. Education gives developing countries a substantial advantage over industrial countries in creating and implementing innovations because of a large percentage of skilled labor force in the population.
b
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Without usury laws interest rates would be _____________________.
Fill in the blank(s) with the appropriate word(s).
Every month, Carlos deposits $300 into an interest-bearing account managed by his broker, Megan. Megan pools the funds in Carlos’s account with funds from the accounts of other clients and invests them in short-term securities. Which statement is also true about this situation?
a. This is an example of a savings deposit account. b. This is an example of a demand deposit account. c. Carlos is allowed to write checks against his account, within certain limitations. d. Due to the account type, the funds Carlos has deposited have a low level of liquidity.
In the classical view, flexible wage rates would assure
A. low inflation. B. high secular inflation rates. C. high rates of unemployment. D. full employment.
Net exports equal:
A. exports plus imports. B. exports minus depreciation. C. the value added of exports. D. exports minus imports.