Which of the following statements is NOT consistent with new growth theorists' beliefs?
A) Innovation can lead to lower productivity costs.
B) Inventions are much more important than innovation.
C) Technology must be understood in terms of what drives it.
D) Rewards lead to technological advances.
Correct Answer:
Verified
Q180: Traditionally, economists regarded improvements in technology as
A)
Q181: New growth theory emphasizes all of the
Q182: The new growth theory examines the role
Q183: The benefits from research and development activities
A)
Q184: New growth theorists believe that
A) economic growth
Q186: According to the new growth theory
A) technology
Q187: The new growth theory of economic growth
Q188: Foreign residents can benefit from U.S. research
Q189: The development of human capital
A) is a
Q190: According to new growth theorists, more technological
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