Innovation refers to the introduction of new products and processes into the market

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


True

Economics

You might also like to view...

Which would increase real planned investment demand?

A) a decrease in new technologies available B) a decline in profit expectations C) a decrease in business taxes D) an increase in nominal interest rates

Economics

Suppose that fundamental analysis indicates a particular company's stock is overvalued

a. This means its present value is less than its price. You should consider adding the stock to your portfolio. b. This means its present value is less than its price. You shouldn't consider adding the stock to your portfolio. c. This means its present value is more than its price. You should consider adding the stock to your portfolio. d. This means its present value is more than its price. You shouldn't consider adding the stock to your portfolio.

Economics

Survivability in a perfectly competitive world requires that

A) firms minimize average total cost. B) firms produce new and different products. C) firms maximize profit. D) firms maximize revenue.

Economics

To decrease output the government could adopt policies that

A. increase aggregate supply and decrease aggregate demand. B. increase aggregate supply and aggregate demand. C. decrease aggregate supply and aggregate demand. D. decrease aggregate supply and increase aggregate demand.

Economics