The Importance of Barriers to the Adoption of Technologies Is

question 34

Multiple Choice

The importance of barriers to the adoption of technologies is supported by research by

• A) P. Romer.
• B) R. Lucas.
• C) S. Parente and E. Prescott.
• D) G. Glomm and B. Ravikumar.
• E) Friedman and Lucas.

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Definitions:

Outsourcing

The business practice of hiring parties outside a company to perform services or create goods that traditionally were performed in-house.

Private Sector

The part of the economy that is owned and operated by individuals and companies for profit, as opposed to being government controlled.

Public Sector

The public sector comprises government-run organizations, agencies, and companies, providing services like education, healthcare, and infrastructure to the public.

Insourcing

The practice of performing business functions or services within a company using its own staff and resources, as opposed to outsourcing.