The fast pace of technological progress in the U.S. is due to the fact that:
A) the world's largest percentage of scientists and engineers work in the U.S.
B) the U.S. has the world's largest capital stock.
C) the U.S. spends the world's largest percentage of GDP in funding research and development.
D) the U.S. spends the world's largest percentage of GDP in funding research and development in defense- related areas.
Correct Answer:
Verified
Q118: Recall Application 2, "Growth Need Not Cause
Q119: If the protection of intellectual property rights
Q120: Governments in developing countries can hinder economic
Q121: Recall Application 4, "Growth Accounting and Information
Q122: One way that the government can encourage
Q124: Which of the following is not an
Q125: In growth accounting, the three sources of
Q126: In the Solow Model, the an increase
Q127: Larger markets are likely to promote faster
Q128: 
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents