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One of the Important Elements for a Successful Technological Innovation

Question 29

Multiple Choice

One of the important elements for a successful technological innovation is that it


A) be relatively expensive to adapt to existing needs, creating monopoly profits.
B) reflect a comprehension of market realities and be encouraged by market forces.
C) is derived from technological development taking place outside the country.
D) lead to at least a doubling of an existing capital-output ratio.
E) lower output per person per hour, thus raising labor productivity.

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