All of the Following Encourage Increases in Technological Progress EXCEPT

question 22

Multiple Choice

All of the following encourage increases in technological progress EXCEPT

• A) larger markets through free trade.
• B) the possibility of monopoly profits.
• C) the ability to patent a new invention.
• D) closed economies.

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Definitions:

Cost

The amount of money required for the production or acquisition of goods or services, or the expenditure incurred by a business or project.

Schedule

A detailed timeline for the execution of tasks or events, specifying start and end times or dates.

Specifications

Detailed descriptions of the requirements, standards, materials, and methods to be used in a project, serving as a guideline for quality and performance.

Project Management Institute

An organization that sets standards, conducts research, and provides education and certification in project management.