Which of the following facts about competitive ideas is true?
a. A successful competitive idea should be big in terms of investment.
b. A competitive idea is usually built on a foundation of other ideas.
c. A competitive idea should necessarily be scientific.
d. A successful competitive idea must be original.
B
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Induced expenditures are defined as that part of
A) autonomous expenditure that responds to changes in real GDP. B) real GDP that does not respond to changes in aggregate expenditure. C) aggregate expenditure that responds to changes in real GDP. D) aggregate expenditure that does not respond to changes in real GDP. E) autonomous expenditure that does not respond to changes in real GDP.
The above figure shows the market for pizza. The market is in equilibrium when some of the pizza firms go out of business. What point represents the most likely new price and quantity?
A) A B) B C) C D) D E) E