Economists who argue that innovation and entrepreneurial activity are the engines of long-run economic growth, define innovation broadly to include not just new products but also new processes, new organizations,
new organizations, new management practices, and new strategies.
Indicate whether the statement is true or false.
TRUE
There is substantial agreement among economists that innovation and entrepreneurial activity are the engines of long-run economic growth. Those who make this argument define innovation broadly to include not just new products but also new processes, new organizations, new management practices, and new strategies.
You might also like to view...
In a short essay, discuss the differences between problem-identification research and problem-solving research. Include a description of situations in which each type of research would be most appropriate
What will be an ideal response?
With experimental designs, it is possible to control for some of the other causal factors
Indicate whether the statement is true or false
A subculture can be based upon all of the following except _____
a. religion b. geographic region c. nationality d. geographic mobility
Dusty is evaluating three bids to supply fence hardware for the 5 acres of pasture that need to be fenced. Breezy submits a bid of $40 per unit, Lady's bid is $50 per unit, and Spike's bid is $30 per unit
If a section of fence fails, it costs an average of $500 in losses and herding costs to round up all of the capybaras. Dusty believes it will take 500 units to fence in this pasture configuration. What defect rates for the three suppliers would make Dusty indifferent among them from a total cost standpoint? A) Breezy 5%, Spike 6%, Lady 2% B) Breezy 3%, Spike 5%, Lady 1% C) Breezy 1%, Spike 3%, Lady 2% D) Breezy 2%, Spike 3%, Lady 4%