According to new growth theory, the primary source of growth is:
A. capital.
B. government intervention in the market place.
C. entrepreneurship.
D. technology.
Answer: D
Economics
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An average tax rate is calculated as
A) total taxable income × taxes paid. B) taxes paid ÷ total taxable income. C) (total taxable income - taxes paid) ÷ taxable income. D) total taxable income ÷ taxes paid.
Economics
A perfectly competitive market is in equilibrium and 100,000 units are being produced. If three firms take over this market and a Cournot oligopoly is formed, what is the new total equilibrium quantity produced?
A) 75,000 B) 133,333 C) 82,500 D) 100,500
Economics