New growth theorists believe that
A) economic growth comes from innovation.
B) economic growth comes only from saving.
C) economic growth is due to capital spending and not research and development spending since much research and development spending fails to produce an invention.
D) inventions spread very rapidly, thereby curtailing the need for more innovations.
Correct Answer:
Verified
Q179: In the United States, a patent lasts
A)
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)
Q185: Which of the following statements is NOT
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
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