Identify the Incorrect Statement Pertaining to Innovation and Entrepreneurship

question 46

Multiple Choice

Identify the incorrect statement pertaining to innovation and entrepreneurship.

• A)They are the engines of growth
• B)They require state ownership of all means of production
• C)They require a market economy
• D)They require strong property rights

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Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a period, typically reflected as a percentage increase in real GDP.

Doubling Inputs

When the quantities of all inputs used in the production process are increased by the same proportion.

Foreign Direct Investment

is an investment made by a firm or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets.

Foreign Portfolio Investment

Investment in financial assets from another country, such as stocks or bonds, without direct control over the businesses.