During the Decade of Entrepreneurship, the Work of Paul Romer

question 47

Multiple Choice

During the Decade of entrepreneurship, the work of Paul Romer identified this as a critical element of a growth model that responds to market incentives. .

• A)Capital
• B)Labor
• C)Technological change
• D)Incentives
• E)None of these choices

---

Definitions:

Visuo-Spatial Sketchpad

The visuo-spatial sketchpad is a component of working memory responsible for the temporary storage and manipulation of visual and spatial information.

Phonological Loop

A component of the working memory model responsible for processing and storing verbal and auditory information.

Episodic Memory

The retention of information about the where, when, and what of life’s happenings—that is, how individuals remember life’s episodes.

Central Executive

A component of working memory in cognitive psychology that controls and regulates cognitive processes, directing attention and managing tasks.