The investment by firms in the creation of products not yet available on the market is referred to as:
A) working capital.
B) creative capital.
C) innovation funds.
D) research and development.
D
Economics
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The statement that "water is a necessity" is misleading because
A) it does not distinguish fresh water from salt water. B) it fails to specify for whom water is a necessity. C) it incorrectly assumes people use water only or primarily for drinking. D) water is a necessity only in desert environments. E) water is extremely abundant.
Economics
Explain why input demand curves slope downward using the concepts of the factor substitution effect and the output effect
What will be an ideal response?
Economics