Technical innovation spurs economic growth because it
A) increases labor productivity.
B) increases the stock of capital goods.
C) provides more powerful means of production.
D) does all of the above.
D
Economics
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Opportunity cost is usually measured in terms of money
Indicate whether the statement is true or false
Economics
When the prices of U.S.-produced goods rise and the price of foreign-produced goods do not change, the result is
A) an increase in exports. B) a decrease in exports. C) a decrease in imports. D) no change in imports or exports.
Economics