The development of new products through research and development in new growth theory is important because
A) there can be a positive impact on future growth.
B) society's scarce resources are being used when they could be used for current consumption.
C) it will lead to a reduction in the savings rate.
D) new patents are created.
Correct Answer:
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Q160: The development of a strain of wheat
Q161: The reason that patents are granted is
A)
Q162: New growth theory is concerned with
A) finding
Q163: Paul Romer's theory on the importance of
Q164: Patents stimulate technological advance by
A) making capital
Q166: New growth theory argues that
A) growth is
Q167: An important foundation of the new growth
Q168: According to economist Paul Romer, economies seeking
Q169: What does the fact that U.S. students
Q170: Firms are more likely to devote resources
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