Which of the following refers to efforts by businesses that focus on improvements in production technologies for existing products and on new production technologies for new or improved products?
A. Import competition
B. Diffusion
C. Research and development
D. Balanced growth
Answer: C
Economics
You might also like to view...
What information is typically included in a prospectus?
What will be an ideal response?
Economics
Among the two most important methods economists use to identify illegal discrimination are
A. laboratory experiments. B. "regression" techniques. C. lottery number analyses. D. random number simulations.
Economics