________ Provide an Incentive for Invention and Innovation

question 20

Multiple Choice

________ provide an incentive for invention and innovation.

• A) Economies of scale
• B) Network effects
• C) Natural monopolies
• D) Patents

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Definitions:

Slavery

A system in which individuals are owned by others, denied freedom, and forced to work without consent.

Pennsylvania

A state in the northeastern United States known for its historical significance in American history, including housing the signing of the Declaration of Independence and the U.S. Constitution.

William Penn

An English Quaker leader and founder of the Province of Pennsylvania, a North American colony established in 1682 as a place of religious freedom.

Religious Toleration

The acceptance of diverse religious beliefs and practices in a given society without persecution.