Research and development refers to the activity of firms, universities, and government agencies that seek to invent new products and processes.
Answer the following statement true (T) or false (F)
True
Economics
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When Pepsi is considering a price hike, it needs to consider how Coke may react. This situation is called:
a. mutual interdependence. b. price leadership. c. collusion. d. monopolistic competition.
Economics
If the price of bonds falls, the
a. demand for bonds will rise b. supply of bonds will fall c. supply of bonds will rise d. interest rate will rise e. interest rate will fall
Economics
What are the different ways in which firms try to differentiate their product from those of competitors?
Economics
If the monetary authorities persistently expand the money supply at a rapid rate, the probable result will be
a. inflation. b. high nominal interest rates. c. rapid growth of real GDP. d. both a and b.
Economics