Global Innovation 1000Money Isn't Everything. The report by ...

[HCHenry]

Global Innovation 1000Money Isn't Everything.
 
  The report by Booz Allen Hamilton Consulting claims that There is no direct relationship between R&D spending and significant measures of corporate success such as growth, profitability, and shareholder return. ...However, the pace of corporate R&D spending continues to accelerate, as many executives continue to believe that enhanced innovation is required to fuel their future growth.
   www.boozallen.com 10/11/2005
  The report provides ________ evidence of the ________.
  A) conflicting; new growth model which claims that profits are linked to innovation
  B) supporting; new growth model which claims that innovation is indirectly related to profit
  C) conflicting; neoclassical growth model which claims that population growth spurs technology
  D) supporting; neoclassical growth model which claims that technology advances are random

Question 2

Define economics and describe its branches of study.
 
  What will be an ideal response?

[ebonylittles]

Answer to Question 1

A

Answer to Question 2

Economics is the social science that studies the choices made by individuals, businesses, government, and entire societies as they cope with scarcity. It has two branches, microeconomics and macroeconomics. Microeconomics is the study of the choices made by individuals and businesses, the way they interact, and the influence that governments exert on these choices. Macroeconomics is the study of the aggregate (total) effects on the national economy and the global economy of the choices that individuals, businesses, and governments make.

[HCHenry]

Excellent

[Joy Chen]

TYSM