Related to the Economics in Practice on P

Multiple Choice

Related to the Economics in Practice on p. 304: According to a study cited in the Economics in Practice, if a country is relatively far from the technological frontier of the rest of the world, its best strategy would be to

A) adopt other countries' policies until it reaches the frontier of the rest of the world.
B) support its own innovative efforts until it reaches the frontier of the rest of the world.
C) first adopt other countries' policies, and as the country approaches the frontier, shift to supporting its own innovative efforts.
D) first support its own innovative efforts, and as the country approaches the frontier, shift to adopting other countries' policies .