Why do some economists think that economic growth due to ideas will be faster in the future?
A) an increasing number of scientists and researchers
B) globalization leads to increased market size for firms
C) increased economic growth in countries like China and India that translate into more scientists and larger markets
D) All of these answers are correct.

Question

Quizplus · Accepted Answer

All the given options contribute to the idea of economic growth due to ideas being faster in the future. With an increasing number of scientists and researchers, there will be more innovations and ideas being generated, leading to economic growth. Globalization allows firms to expand their market size, which can lead to increased revenue and profits, contributing to economic growth. Countries like China and India are seeing significant economic growth and are investing in science and technology, leading to more ideas being generated and larger markets for firms. Therefore, all the options stated are correct and contribute to the idea of economic growth being faster in the future.

Why Do Some Economists Think That Economic Growth Due to Ideas