American economist Paul Romer metaphorically stated, "Economic growth springs from better recipes, not just from more cooking." What does he mean with this?
A) that rather than working harder, one should work smarter and in new ways
B) that innovations demand development
C) that the key to growth is new knowledge/methods/innovations
D) that the key to growth is to work harder
E) that the key to growth is from more capital in work
F) that the key to growth is having more manpower working harder
Correct Answer:
Verified
Q1: In Chapter 2, "institutional set-up" is mentioned.
Q2: The concepts of "industrial wisdom" and industry's
Q4: "The Swedish paradox" (sometimes referred to as
Q5: Researchers (and the book) discuss knowledge and
Q6: Entrepreneurial capital is a component of Audretch's
Q7: In the discussion on growth in Chapter
Q8: Certain researchers mentioned in the book argue
Q9: Chapter 2 delves into the notion of
Q10: Chapter 2 delves into the notion of
Q11: In Chapter 2, the idea that society,
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