With Respect to Innovation,which of the Following Statements Is True

question 90

Multiple Choice

With respect to innovation,which of the following statements is true?

• A)Government policy cannot influence the rate of innovation.
• B)Innovation is exogenous to the economic system.
• C)The utilization rate of existing plant and equipment and its durability are independent of the pace of innovation.
• D)The principal incentive for innovation does not appear to be related to profits.
• E)Innovation is often endogenous to the economic system.

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Definitions:

1980s

A decade characterized by major geopolitical changes, advancements in technology, and notable cultural developments.

Export-Import Sector

The part of an economy that is involved in exporting goods to other countries and importing goods from other countries.

United States

A country in North America consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

1900s

A century that spanned from January 1, 1900, to December 31, 1999, marked by significant events such as World War I and II, and the onset of the digital age.