Which one of the following is FALSE?
A) There will be more technological advances when those who provide them are rewarded.
B) Technological advances contribute to economic growth.
C) Innovation involves the transformation of something new into something that benefits the economy.
D) While innovation is prevalent in the economy, it is really inventions that are the force behind economic growth.
Correct Answer:
Verified
Q1: Economic growth means
A) an increase in nominal
Q2: An increase in population
A) always leads to
Q3: The speed at which the production possibilities
Q4: Which one of the following is FALSE?
A)
Q6: When there is economic growth in a
Q7: Investment spending
A) is a component of aggregate
Q8: Small differences in economic growth rates add
Q9: Economic growth is defined as
A) the increase
Q10: When there is economic growth, it is
Q11: When there is economic growth is a
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