The combinatoric process of knowledge creation is likely to be:
A) more powerful in a closed economy where innovators are protected than in an open economy.
B) less powerful in a closed economy where innovators are protected than in an open economy.
C) unrelated to whether an economy is open or closed to trade.
D) positively related to an economy's openness only in very poor economies.

Question

Quizplus · Accepted Answer

The combinatoric process of knowledge creation involves the combination and recombination of existing knowledge to create new knowledge. In a closed economy where innovators are protected, there may be less exposure to diverse knowledge and ideas from other countries and less collaboration between innovators. On the other hand, an open economy allows for more interaction and exchange of ideas, leading to a more diverse range of knowledge inputs and potential for combinations and new creations. Therefore, the combinatoric process of knowledge creation is likely to be less powerful in a closed economy where innovators are protected than in an open economy.

The Combinatoric Process of Knowledge Creation Is Likely to Be