Which of the following is an example of paradigm innovation:
A. Windows computer operating system
B. Energy-saving light bulbs
C. The latest model of the Honda Civic
D. Rechargeable batteries
A. Windows computer operating system
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The transactions approach to measuring money includes
A) traveler's checks. B) government bonds. C) the value of shares of stock in commercial banks. D) all of these.
In any society, an effective system of property rights would not be possible without
A) the cooperation of other people. B) the entire legal system to adjudicate them fairly. C) the police to enforce them. D) non-property (public rights).
Owners of a proprietorship have ________ liability and stockholders in a corporation have ________
A) limited; limited B) limited; unlimited C) unlimited; unlimited D) unlimited; limited
"Because firms in an oligopoly are so large, they do not need to consider each other's actions." Is the previous statement correct or incorrect? Explain your answer
What will be an ideal response?