Multiple Choice
The traditional view of technological advance was that it
A) was a random external force to which the economy adjusted.
B) arose largely from advances in military-related research.
C) was the result of capitalism and the rivalry among firms.
D) arose from international trade and the sharing of ideas among nations.
Correct Answer:
Verified
Correct Answer:
Verified
Q281: U.S. business firms channel a majority of
Q282: Technological advance consists of short-run adjustments to
Q283: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" The table shows
Q284: Firm ABC designs and implements a lower-cost
Q285: The legal protection for publishers of books,
Q287: How does technological advance enhance economic efficiency?
Q288: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q289: Imitation by rivals is one factor that
Q290: Under which market structure are profit rewards
Q291: A firm's marginal benefit from its R&D