Multiple Choice
With respect to innovation,which of the following statements is true?
A) Government policy cannot influence the rate of innovation.
B) Innovation is exogenous to the economic system.
C) The utilization rate of existing plant and equipment and its durability are independent of the pace of innovation.
D) The principal incentive for innovation does not appear to be related to profits.
E) Innovation is often endogenous to the economic system.
Correct Answer:
Verified
Correct Answer:
Verified
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