Related to the Economics in Practice on P

question 66

Multiple Choice

Related to the Economics in Practice on p. 624: 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, what would be its best strategy?

• A) The government needs to keep helping its firms find the world frontier until the firms reach the frontier.
• B) The government should begin by offering incentives and encourage some risk taking.
• C) The government needs to help its firms find the world frontier, and then as firms approach the frontier, the government should offer incentives and encourage some risk taking.
• D) The government should adopt a hands-off approach and let the private sector bring the country to the world frontier.

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Definitions:

Strings

Strings are sequences of characters used to represent text in computer programming.

Scanf()

A function in C programming used to read formatted input from the keyboard or other input streams.

Gets()

Gets() is a function in C that reads a line from stdin into the buffer pointed to by its argument until a terminating newline or EOF.