Multiple Choice
In the R&D model of technological progress, the rate of technological progress is:
A) directly (positively) related to the amount of productive resources.
B) inversely (negatively) related to the cost of innovation.
C) directly related to the expected profits from innovation.
D) inversely related to the interest rate.
E) All of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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