The amount of cost cutting technical innovation introduced into a production process is a function of:
A) technology only.
B) technology and consumer acceptance.
C) consumer acceptance only.
D) none of the above.
B
Economics
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Which of the following groups gain from international trade? i. producers of exported goods ii. domestic consumers of imported goods iii. workers in exporting firms
A) i only B) ii only C) iii only D) i and iii E) i, ii, and iii
Economics
Refer to the above figure. At real GDP of $1 trillion, actual investment equals
A) planned investment of $1 trillion. B) planned saving of $1 trillion. C) actual saving of 0. D) unanticipated inventory adjustments of $1 trillion.
Economics