According to the Schumpeterian R&D model of technological progress, the rate of technological progress is faster, all other things equal:
A) the lower is the interest rate.
B) the smaller is the excess profit of corporations.
C) the higher is the cost of factors of production and resources.
D) the lower is the efficiency of resources applied to R&D activities.
Correct Answer:
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Q15: Letting Y stand for total output, K
Q16: According to the definitions in the textbook,
Q17: The Solow model shows that:
A) in the
Q18: Joseph Schumpeter's model was characterized by:
A) investment
Q19: Schumpeterian models of technological progress incorporate the
Q20: In the Schumpeterian R&D model of technological
Q22: The dynamic case for free trade rests
Q23: Studies of the spread of technology among
Q24: The Schumpeterian R&D model of technological progress
Q25: International trade and economic growth:
A) can have
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