Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 31, 2024

Empirical studies have revealed a process called _____, involving the birth of innovative firms and the death of other firms, can be responsible for a

Empirical studies have revealed a process called _____, involving the birth of innovative firms and the death of other firms, can be responsible for a large fraction of ______ in developing and developed countries.

A. technological advancement; wage growth

B. Technological advancement; productivity growth

C. Creative destruction; production growth

D. Creative destruction; wage growth

Step by Step Solution

★★★★★

3.43 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managing Business Ethics Making Ethical Decisions

Authors: Alfred A. Marcus, Timothy J. Hargrave

1st Edition

1506388590, 978-1506388595

More Books

Students also viewed these Economics questions

Question

★★★★★

You are given a dataset. The dataset file name is CAR_ACCIDENTS_VEECTORIA.csv. The file size is 2 kb. The data was created on 2 Jan 2020. The dataset was provided and prepared by Veectorian...

Answered: 1 week ago

Question

★★★★★

Which of the following would you not include within the heading Equity and reserves in a companys Statement of financial position? (a) Revaluation reserve (b) Share premium account (c) Redeemable...

Answered: 1 week ago

Question

★★★★★

Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...

Answered: 1 week ago

Question

★★★★★

Show that = E[(m(X) - X'p)] B = argmind (b) = (E[XX']) E[Xm(X)] = [E[XX'])E[XY]. berk Hint: To show E[Xm(X)] = E[XY] use the law of iterated expectations. then

Answered: 1 week ago

Question

★★★★★

Many business leaders say something to the effect of, "We practice empowerment because we don't expect our employees to leave their brains at the door." What are these leaders talking about?

Answered: 1 week ago

Question

★★★★★

You are assessing internal control in the audit of the payroll and personnel cycle for Rogers Products Company, a manufacturing company specializing in assembling computer parts. Rogers employs...

Answered: 1 week ago

Question

★★★★★

Are the scope, volume, and representativeness of the data used appropriate and sufficient to the purpose? If interviews were used, is there enough testimony to validate the evidence without passing...

Answered: 1 week ago

Question

★★★★★

American and Japanese workers can each produce 4 cars a year. An American worker can produce 10 tons of grain a year, whereas a Japanese worker can produce 5 tons of grain a year. To keep things...

Answered: 1 week ago

Question

★★★★★

Cycle Time and Conversion Cost per Unit Hatch Manufacturing produces multiple machine parts. The theoretical cycle time for one of its products is 65 minutes per unit. The budgeted conversion costs...

Answered: 1 week ago

Question

★★★★★

Angela Mosley owns Innovative Designs. The trial balance of the firm for January 31, 20X1, the first month of operations, is shown below. INSTRUCTIONS 1. Complete the worksheet for the month. 2....

Answered: 1 week ago

Question

★★★★★

Based on the risk statement, provide a sample table for EMV cost and duration calculations (for the cost factors, consider to factor human resource/labor, equipment, material, and services needed and...

Answered: 1 week ago

Question

★★★★★

Prepare the statement of cash flows for the current month. Note: Cash outflows should be indicated with a minus sign. Required information [The following information applies to the questions...

Answered: 1 week ago

Question

★★★★★

find all matrices A (a) A = 13 (b) A + A = 213

Answered: 1 week ago

Question

★★★★★

Burdeno Appliances has two divisions, Sales and Financing. Sales is responsible for selling Burdeno's Inventory and maintaining Inventory for future sale. Financing Division takes loan applications,...

Answered: 1 week ago

Question

★★★★★

Golden Food Products produces special-formula pet food. The company carries no inventories. The master budget calls for the company to manufacture and sell 120,000 cases at a budgeted price of $60...

Answered: 1 week ago

Question

★★★★★

Please answer as per question otherwise it would be reported. Identify the elements that the Crown must prove for each of the offences that the accused was charged with on January 12, Y0. On January...

Answered: 1 week ago

Question

★★★★★

You have just turned 22 years old, received your bachelor's degree, and accepted your first job. Now you must decide how much money to put into your retirement plan. The plan works as follows: Every...

Answered: 1 week ago

Question

★★★★★

What are some of the features of the Unified Process (UP)?

Answered: 1 week ago

Question

★★★★★

You have just received your MBA and for the past year and a half, you have worked as a financial accountant for a company that is conducting talks about a proposed merger with another firm. A...

Answered: 1 week ago

Question

★★★★★

You have worked together with three other stock brokers in the same company for the past 12 years. The four of you are the best of friends, with strong personal ties going back 30 years; you grew up...

Answered: 1 week ago

Question

★★★★★

Multinational oil company ExxonMobil faced many challenges related to climate change. Climate change is taking place because of the greenhouse effect. When solar radiation passes through the...

Answered: 1 week ago

Question

★★★★★

A proposed strip mine would require the investment of $2 million at the beginning of the first year and a further investment of $3 million at the end of the first year. Mining operations are expected...

Answered: 1 week ago

Question

★★★★★

To manufacture a new product, a company must immediately invest $275,000 in new equipment. At the end of Years 3 and 5, there will have to be a major overhaul of the equipment at a cost of $40,000 on...

Answered: 1 week ago

Question

★★★★★

The development of a new product will require the expenditure of $150,000 at the beginning of each of the next three years. When the product reaches the market at the beginning of Year 4, it is...

Answered: 1 week ago

Previous Question Next Question