Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

which one best describe endogeneous theory A.Technological change is influenced by economic incentives and is determined by the workings of the market system. B.Technological change

which one best describe endogeneous theory A.Technological change is influenced by economic incentives and is determined by the workings of the market system. B.Technological change creates new products that drive old products out of the market. C.Equal increases in the amount of capital per hour worked lead to diminishing increases in output per hour. D.Labor productivity will increase if managers can do a better job of organizing production

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

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

Economics Principles and Policy

Authors: William Baumol, Alan Blinder

13th edition

1305280595, 1305280598, 9781305465626 , 978-1305280595

More Books

Students also viewed these Economics questions

Question

For 2 0 2 3 , federal gift tax is generally psid?

Answered: 1 week ago

Question

Keep your head straight on your shoulders

Answered: 1 week ago

Question

Be straight in the back without blowing out the chest

Answered: 1 week ago

Question

Wear as little as possible

Answered: 1 week ago