A nation that protects its workers from unemployment by limiting the use (by employers) of technological improvements will
a. grow more rapidly because the rate of unemployment will be lower.
b. grow more rapidly because investors prefer a stable business environment rather than the uncertainties that accompany technological change.
c. grow less rapidly because technological change is an important factor contributing to the growth of output.
d. grow just as much as nations that adopt more rapidly technological improvements.
C
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Product differentiation plays an important role in perfect competition
Indicate whether the statement is true or false
Behavioral economists put significant emphasis on using models to:
A. Predict decisions, but not so much to understand how those decisions are made B. Predict decisions and also to understand how those decisions are made C. Understand decision processes, but not the prediction of the decision itself D. Understand people's actions, but not what drive people to act in certain ways