If Domestic Savings Is Less Than Domestic Investment,then

question 93

Multiple Choice

If domestic savings is less than domestic investment,then

• A)reserve assets will increase.
• B)the government runs a budget deficit.
• C)there will be negative foreign investment.
• D)a trade surplus must result.

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

Understand the distinction between invention, innovation, and diffusion.

Recognize examples of product and process innovation.

Identify the role of research and development in the innovation process.

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Definitions:

External Locus of Control

The belief that one's successes or failures result from external factors beyond one's control, as opposed to one's own efforts.

Decremental

Characterized by a gradual reduction or decline in quality, quantity, or size.

Incidental

Occurring as a minor or secondary consequence.

nPow

A concept in psychology that refers to the need for power, or an individual's desire to influence, control, or have an impact on others.