Critical features of Technological Progress

New services and goods, new forms and types of equipment, and new knowledge regarding how to combine resources productively are all critical features of: (1) entrepreneurial profits. (2) winning the global war against scarcity. (3) net investment within a capitalistic system. (4) technological progress. (5) raised rates of international trade.

Please help me to solve the problem of economic that is given above.

View Complete Question

Related Questions in Public Economics

Q : Illustration of Economic Reasoning by

Occam’s razor refers to the idea which while evaluating a theory: (1) good theory describes the phenomenon as simply as possible, but not moreso. (2) complexity is obvious to make sure that correct answers are reached. (3) conformity along with

Q : Labor resources of society Hello guys I

Hello guys I need your advice. Please suggest some views for following economics problems that what are labor resources of society: (i) Identical along with its population, (ii) The mental and physical talents people make obtainable f

Q : Argument for infant industries to

The argument for infant industries must be protected through competition through established foreign industries was first advanced through: (1) Richard List. (2) Gustav Schmoller. (3) David Ricardo. (4) Alexander Hamilton. (5) Thomas Robert Malthus. (6) early mercanti

Q : Circular flow models of markets I have

I have a problem in economics on Circular flow models of markets. Please help me in the following question. In a simple circular flow model of markets, the eventual ‘owners’ of all labor and non-labor resources are classified as: (i) Emplo

Q : Case of priceless in relative prices

While people sincerely refer to something like "priceless", so they most likely mean that this is: (a) mostly meaningless to name a monetary price since its opportunity cost is more high. (b) worthless junk on that they place no value. (c) irreplaceab

Q : Rational behavior in Economic Reasoning

Please help me to solve the problem of Economic Reasoning that is given below: Rational behavior should be: (i) Consistent along with reaching an identified goal. (ii) Ethical behavior. (iii) Good

Q : Consumption and investment The

The economy's present production possibilities frontier is not restricted by the: (1) Quantity and quality of labor force. (2) Amount of capital stock currently accessible. (3) Quantity and quality of the natural resources (that is, land). (4) Current

Discover Q & A

Leading Solution Library

Avail More Than 1433779 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1933970
Asked

3,689

Active Tutors

1433779

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment