Better Ideas Increase Output Directly Because of Higher Productivity and Indirectly

question 55

True/False

Better ideas increase output directly because of higher productivity and indirectly because of capital accumulation.

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Definitions:

Major Life Events

Significant occurrences that have a large impact on one’s life, requiring substantial adjustments in behavior or attitude.

Social Readjustment Rating Scale

A scale designed to measure the amount of stress in a person's life resulting from major life changes, as part of the stress and coping research.

Optimists

People who tend to maintain a positive outlook and approach life's challenges with confidence and hope.

Pessimists

Individuals who tend to see the worst aspect of things or believe that the worst will happen; a tendency to expect negative outcomes.