The Term That Economists Use to Refer to the Type

question 58

Multiple Choice

The term that economists use to refer to the type of information that underlies the production of products and services in an industry is

• A) production knowledge.
• B) conditional awareness.
• C) knowledge conditions.
• D) knowledge spillovers.
• E) none of the above.

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Definitions:

Fixed Asset Accounts

Financial accounts that track the purchase, depreciation, and disposal of long-term assets that have a physical form and are used in the operations of a business.