Refer to the Table

question 17

Multiple Choice

Refer to the table.If per capita income increases by 10 percent over five years in each of the nations shown, the per capita income gap between country C and country A

• A)will remain the same.
• B)will rise from $30,934 to $34,027.
• C)may rise or fall depending on the rate of population growth.
• D)will rise from $31,555 to $34,710.

Distinguish between different forms of technological advances (product innovation, process innovation) and their economic impacts.

Understand the mechanisms for protecting intellectual property and their role in encouraging innovation.

Grasp the economic implications of innovation and diffusion in the marketplace.

Understand the distinction between invention, innovation, and diffusion.

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Definitions:

Succession Planning

The strategy for identifying and developing new leaders who can replace old leaders when they leave, retire, or pass away.

Career Planning

The process of setting career objectives and determining the steps and actions to achieve them.

Number

A mathematical object used to count, measure, and label.

Individuals

Persons or human beings regarded singly or independently, each with their own attributes and interests.