In the Economy with Efficient Institutions,technological Advancement

question 61

Multiple Choice

In the economy with efficient institutions,technological advancement

• A) occurs predictably.
• B) is the result of individuals responding to incentives.
• C) tends to occur by accident.
• D) is exogenous.
• E) depends mainly on luck.

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Definitions:

Nitrogen Base

A component of nucleotides in DNA and RNA, which includes adenine, thymine (in DNA), uracil (in RNA), guanine, and cytosine.

Uracil

A nitrogen-containing base found in RNA, where it pairs with adenine and replaces thymine during DNA transcription.

RNA

Ribonucleic acid is a type of nucleic acid found in every living cell, serving as a messenger that transports directions from DNA for the production of proteins.

Nitrogen Bases

Organic molecules that make up the building blocks of DNA and RNA, including adenine, thymine, cytosine, guanine, and uracil.