The Modern View of Technological Advance Is That It

question 58

Multiple Choice

The modern view of technological advance is that it

• A) is the result of random lucky events unrelated to the economic system.
• B) requires government R&D spending to keep it going.
• C) arises from intense rivalry among individuals and firms within the capitalist system.
• D) is a force that is external to the economy, to which the economy adjusts.

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