Related to the Economics in Practice on p.636: 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.

Question

Quizplus · Accepted Answer

The study suggests that a country far from the technological frontier of the rest of the world should first adopt other countries' policies until it approaches the frontier, and then shift to supporting its own innovative efforts. This approach would allow the country to learn from others' experiences and best practices, and once it gets closer to the frontier, it can rely more on its own capabilities to develop and implement new technologies.

Related to the Economics in Practice on P