Research and development is most likely to have an impact on the _____.
A)quantity of labor available
B)quantity of capital goods available
C)quality of labor available
D)quality of capital goods available
E)use of energy

Question

Quizplus · Accepted Answer

Research and development (R&D) is aimed at improving technology and making it more efficient. One of the outcomes of R&D is the improvement in the quality of capital goods available in the market. This means that newer machines and equipment are more efficient, durable, and have better features than older ones, which can lead to higher productivity, lower costs, and improved competitiveness.

Research and Development Is Most Likely to Have an Impact