How do investment in technology and investment in capital differ?
A. They have different effects on output because of the positive externalities associated with investments in technology.
B. They have different effects on output because of the positive externalities associated with investments in capital.
C. They have similar effects on output so they have no important differences from an economic point of view.
D. They have the same effects on output but investments in technology are much more closely tied to the level of saving than investments in capital.
Answer: A
You might also like to view...
Refer to Figure 11-5. Identify the curves in the diagram
A) E = average fixed cost curve; F = average total cost curve; G = average variable cost curve, H = marginal cost curve B) E = marginal cost curve; F = total cost curve; G = variable cost curve, H = average fixed cost curve C) E = average fixed cost curve; F = variable cost curve; G = total cost curve, H = marginal cost curve D) E = marginal cost curve; F = average total cost curve; G = average variable cost curve; H = average fixed cost curve.
The amount of profit necessary to keep the entrepreneur operating is known as
a. normal profit. b. economic profit. c. variable profit. d. explicit profit.
It is possible to purchase diplomas from diploma mills. The situation in which the degrees are more important than the knowledge they are supposed to represent is called:
A. accreditation. B. credentialism. C. cretinism. D. diplomacy.
Identify four reasons for high entry barriers. Briefly explain each reason
What will be an ideal response?