The present value of innovation curve (PVI) will shift up when:
A) more resources are devoted to innovative activities.
B) the average number of resources needed to produce an innovation rises.
C) the interest rate increases.
D) there is a reduction in the profit that accrues to innovators.
Correct Answer:
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Q12: In his model of endogenous technological progress
Q13: Population and economic growth are:
A) directly related
Q14: Which of the following are conclusions generated
Q15: The speed of technological progress is likely
Q16: The models of endogenous technological progress usually
Q17: According to Joseph Schumpeter:
A) entrepreneurs prefer self-financing
Q18: Among the characteristics of technology is/are:
A) technological
Q19: Joseph Schumpeter view of competition in the
Q20: The cost of innovation curve (CoI) in
Q22: How does a decline in β, the
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