Which of the following best describes a situation where research is considered relatively fertile?
A) research that translates into many new products
B) research that costs the firms relatively little money
C) research that cannot be easily copied by other firms
D) all of the above
E) none of the above
A
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Corrina was working as a waitress in an Italian restaurant making an annual income of $25,000 per year when she decided to start up her own catering business
Corrina used $10,000 of her savings that was earning 5 percent annual interest to establish her business. After the first year she made an accounting profit of $20,000. Her economic profit was A) $5,550. B) -$5,000. C) $20,000. D) $25,000.
What does? "transitioning people from one job to? another" entail? During the transition? period, what? type(s) of unemployment would describe these? people?
What will be an ideal response?
The process by which inputs are transformed to outputs is referred to as:
A) production. B) distribution. C) depreciation. D) absorption.
In our simple trade model, having a comparative advantage in a product implies that a country will specialize completely in the product
A) with the highest opportunity cost. B) with the lowest opportunity cost. C) where total output is lower per worker-hour. D) where total output is greater per worker-hour.