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    Microeconomics Study Set 2
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    Exam 7: Long-Run Economic Growth: Sources and Policies
  5. Question
    Technological Improvements Are More Likely to Occur If
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Technological Improvements Are More Likely to Occur If

Question 3

Question 3

Multiple Choice

Technological improvements are more likely to occur if


A) the economy is centrally planned.
B) entrepreneurs are compensated with higher profits for taking risks.
C) economic decisions are made by politicians rather than entrepreneurs.
D) companies face little competition in their markets.
E) governments directly control research and development.

Correct Answer:

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