Which of the following factors are considered under "new growth theory"?
A. technology
B. innovation
C. research
D. All of these are correct.
Answer: D
Economics
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A fall in the price of a good increases the real income or purchasing power of consumers so that they are able to buy more of the product. This statement best describes:
A) the income effect. B) a complementary good. C) the substitution effect. D) an inferior good.
Economics
"Being the only seller in the market, the monopolist can choose any price and quantity it desires." Evaluate this statement: Is it true or false? Explain your answer
What will be an ideal response?
Economics