The innovation cycle is regarded as a long-wave cycle and it can last as long as
a. 500 years
b. 100 years
c. 75 years
d. 30 years
e. 10 years
D
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A downtown diner daily serving the same business people will be more likely to serve a tasty lunch than a snack bar at a tourist attraction
What will be an ideal response?
Since 1990, a major industrial country with the lowest growth rate in per capita GDP has been _____
a. West Germany b. Italy c. The United States d. Great Britain e. Canada
An individual firm in a perfectly competitive labor market faces: a. a downward sloping labor demand curve and an upward sloping labor supply curve. b. a horizontal labor supply curve and a vertical labor demand curve
c. a horizontal labor supply curve and a downward sloping labor demand curve. d. an upward sloping labor supply curve and a horizontal labor demand curve.
Real estate suitable for condominium development is also suitable for single-family home development. Therefore, a rise in the price of condominiums relative to single-family homes tends to
A) increase the opportunity cost of building new single-family homes.
B) reduce the demand for condominiums.
C) increase the demand for condominiums.
D) do none of the above.