Refer to the information above. If an economy has a real GDP doubling-time of 48 years, this can be reduced to 30 years if annual GDP growth is raised by ________ percentage points

What is a business cycle?

What will be an ideal response?

Why are decision trees useful to managers who plan business strategies?

A) Decision trees can be used to increase the amount of product differentiation; this enables managers to charge higher prices for their products. B) Decision trees provide a systematic way of thinking through the implications of a strategy. C) Using a decision tree always leads to a dominant strategy. D) Decision trees explain the level of concentration in an industry.