Question 1

In the Schumpeterian R&D model of technological progress, the rate of technological progress is:

Accepted Answer

A)  inversely (negatively) related to the amount of productive resources. 
B)  directly (positively) related to the cost of innovation. 
C)  directly related to the expected profits from innovation. 
D)  directly related to the interest rate. 
E)  All of the above. 
A)  inversely (negatively) related to the amount of productive resources. 
B)  directly (positively) related to the cost of innovation. 
C)  directly related to the expected profits from innovation. 
D)  directly related to the interest rate. 
E)  All of the above.

Question 2

Schumpeter's hypothesis of creative destruction was supported by evidence showing that:

Accepted Answer

A)  most technological progress was the result of accidental discoveries. 
B)  important inventions and discoveries were the result of profit-seeking behavior. 
C)  most high-tech industries are perfectly competitive firms. 
D)  government-funded public research accounted for nearly all new knowledge. 
A)  most technological progress was the result of accidental discoveries. 
B)  important inventions and discoveries were the result of profit-seeking behavior. 
C)  most high-tech industries are perfectly competitive firms. 
D)  government-funded public research accounted for nearly all new knowledge.

In the Schumpeterian R&D model of technological progress, the rate of technological progress is:

Schumpeter's hypothesis of creative destruction was supported by evidence showing that:

The Welfare Gains From Trade

Trade and Growth: the Empirical Evidence

International Trade and Factor Accumulation

Overcoming Diminishing Returns: Technology As an Externality

International Trade and Technological Progress

Multi-Sector Models and International Trade

International Trade and Technology Transfers

Restating the Case for Free Trade

Filters

Exam 5: Technological Progress As Creative Destruction

In the Schumpeterian R&D model of technological progress, the rate of technological progress is:

Schumpeter's hypothesis of creative destruction was supported by evidence showing that:

The Welfare Gains From Trade

Trade and Growth: the Empirical Evidence

International Trade and Factor Accumulation

Overcoming Diminishing Returns: Technology As an Externality

International Trade and Technological Progress

Multi-Sector Models and International Trade

International Trade and Technology Transfers

Restating the Case for Free Trade

Filters