An example of a rival capital good is:
A) infrastructure like roads.
B) a machine like a printing press.
C) an idea like a new chemical formula for a drug.
D) all of the above.
Correct Answer:
Verified
Q33: The rewards to private R&D depend on:
A)the
Q34: A growth model with continuing output per
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Q37: An example of a non-rival good is:
A)mathematical
Q39: A problem with the constant average product
Q40: In the Solow growth model with technological
Q41: What happens when exogenous technological change is
Q42: A business may not seek a patent
Q43: With steady state growth:
A)the optimal output per
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