According to Paul Romer,one way to produce more ideas and knowledge is by
A) investing in research and development.
B) giving the federal government more control over the direction of research.
C) giving businesses less control over federal research monies.
D) a,b and c

Question

Quizplus · Accepted Answer

Paul Romer suggests that investing in research and development can lead to generating more ideas and knowledge. He argues that by encouraging innovation through research and development, businesses can create new products and services, which can lead to economic growth and development. Additionally, government support for research and development can aid in the creation of new knowledge, which can then be shared with the public and private sectors. While the other options may have some advantages, investing in research and development is the most direct and effective way to generate new ideas and knowledge.

According to Paul Romer,one Way to Produce More Ideas and Knowledge