In the national income accounting system, saving refers to the accumulation of newly produced physical entities, such as factories, machinery, houses, and goods inventories
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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In the long run, a country will experience an increasing standard of living only if it experiences
A) a high rate of consumption. B) a slow rate of population growth. C) continuous technological change. D) a high rate of labor force growth.
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Patents are currently granted for a period of 20 years in the United States. Do you think that time period is too long or too short? Explain your reasoning
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