Multiple Choice
The speed of technological progress is likely to:
A) slow in the future according to Paul Romer.
B) increase because it is a combinatoric process.
C) diminish in the future because it is a combinatoric process.
D) continue rising in the future because evidence shows the number of patents has been steadily increasing relative to the number of researchers employed.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Which of the following concepts is not
Q5: In the R&D model of technological progress,
Q6: Joseph Schumpeter view of competition in the
Q7: Joseph Schumpeter's concept of competition is:<br>A) similar
Q8: According to Joseph Schumpeter:<br>A) entrepreneurs prefer self-financing
Q10: How does a decline in β, the
Q11: The models of endogenous technological progress usually
Q12: The present value of innovation curve (PVI)
Q13: The cost of innovation curve (CoI) in
Q14: Which of the following are conclusions generated