One study from the United Kingdom (cited in the textbook) showed that almost ______ times as many firms that faced global competition reported innovations in product or process compared to firms that did not face global competition
A) three
B) six
C) nine
D) twelve
A
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The change in the quantity of capital from one period to the next is equal to
A) net investment. B) financial investment. C) gross investment. D) wealth. E) depreciation.
The United Automobile Workers union can select the most favorable point on the demand curve for labor and the auto manufacturing companies can do nothing in response.
Answer the following statement true (T) or false (F)
Suppose a country has experienced relatively steady growth of aggregate real Gross Domestic Product (GDP). A higher population growth tends to
A. increase the level of economic freedom. B. increase the level of dead capital. C. increase the growth of per capita real GDP. D. reduce the growth of per capita real GDP.
The sum of frictional and structural unemployment is thought of as the
A. cyclical rate of unemployment. B. natural rate of unemployment. C. normal rate of unemployment. D. seasonal rate of unemployment.