Which of the following stands true for technological innovation?
a. Actual changes in technology proceed as evenly as expenditures on research and development.
b. A decline in spending on research and development may indicate less of a commitment to increasing productivity.
c. The purchase of computer hardware or software as investment is not advised because of continuous innovations in the field of IT.
d. In developing countries, the benefits of IT innovations are being fully exploited because of a large population.
e. Education gives developing countries a substantial advantage over industrial countries in creating and implementing innovations because of a large percentage of skilled labor force in the population.
Question 2
Unlike its competitors, one glass producer can use its equipment to make either windows for houses or windows for cars. Other things equal, compared to its competitors, its supply curve of windows for cars would be:
a. more elastic than the supply curves of competitors.
b. less elastic than the supply curves of competitors.
c. greater than the supply curves of competitors.
d. less than the supply curves of competitors.
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