Sunshine Crackers Introduces Wheat Flats,a Cracker with More Fiber,fewer Calories,and

question 58

Multiple Choice

Sunshine Crackers introduces Wheat Flats,a cracker with more fiber,fewer calories,and great flavor.Wheat Flats is a great success.This is an example of __________ innovation.

• A) product
• B) process
• C) resource
• D) culture
• E) capital

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Definitions:

Free Market

An economic system in which prices are determined by unrestricted competition between privately owned businesses.

Economic Growth

The increase in the inflation-adjusted market value of the goods and services produced by an economy over time, often measured as the percentage increase in real gross domestic product (GDP).

Neoclassical School

An economic theory that emphasizes the role of supply and demand in determining the price and quantity of goods and services offered in a market, focusing on rational behavior and equilibrium.

Capitalism

An economic system where private individuals own and control trade and industry instead of the state.