Innovations That Involve Significant Technological Breakthroughs and Create New Knowledge

question 74

Multiple Choice

Innovations that involve significant technological breakthroughs and create new knowledge:

• A) build incrementally on the firm's existing technologies and knowledge.
• B) are the most common type of innovation.
• C) involve substantial uncertainty and risk.
• D) typically have clear market opportunities.

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Definitions:

Cyclical Unemployment

Unemployment that arises during periods of economic downturn or recession, reflecting the overall health of the economy rather than individual or structural factors.

Frictional

Pertaining to the period of time and inefficiency in processes where resources, especially labor, move from one employment to another, contributing to transient joblessness.

Unemployment Rate

The portion of the labor market that is out of work and actively pursuing job opportunities.

Decades

Periods of ten years, used as a measure of time to describe longer trends in history, economics, or demography.