Which of the following is an example of an innovation that can lead to new investment and spur the economic growth of a nation?
a. Horizontal drilling and hydraulic fracturing resulting in the discovery of new sources of shale gas in the U.S.
b. Outsourcing the manufacturing units of a U.S. shoe-making company, resulting in the reduction of overhead costs
c. A tire manufacturer laying off some of its workers to increase its profit margin
d. An automobile-manufacturing company using cheaper machines for its main product line
a
You might also like to view...
In applying the lower of cost or market rule, the floor is defined as:
a) current replacement cost b) historical cost c) net realizable value d) net realizable value less a normal profit margin
A budget line is drawn with automobiles on the vertical axis and boats on the horizontal. Imposing a tax on boats that boosts the price of a boat makes the
A) indifference curves flatter. B) indifference curves steeper. C) budget line flatter. D) budget line steeper.