In Economics,the Practical Application of an Invention Is Known as

question 161

Multiple Choice

In economics,the practical application of an invention is known as

• A)technology.
• B)entrepreneurship.
• C)physical capital.
• D)innovation.

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Definitions:

Unusual Responses

Behaviors or answers that deviate significantly from what is considered normal or expected in a given context.

Correlation

A numerical metric showing how much two or more variables change in relation to each other.

Statistically Significant

A term used to denote that the likelihood of an observed effect or relationship occurring by chance is very low.

Squaring the Value

The mathematical operation of multiplying a number by itself to get its square.