A technological advance may come in either the form of a product or a process innovation
a. True
b. False
Indicate whether the statement is true or false
True
Economics
You might also like to view...
The nominal interest rate is 7 percent and the expected inflation rate is 4 percent. The real interest rate is:
A) 10 percent. B) -2 percent. C) 3 percent. D) 4 percent.
Economics
Assuming peaches are a normal good and consumer incomes rise, producer surplus in the peach market:
a. increases. b. decreases. c. remains unchanged. d. equals the deadweight loss increase.
Economics