An Innovator May Fail to Earn Any Significant Returns from an Innovation

question 33

Multiple Choice

An innovator may fail to earn any significant returns from an innovation if:

• A)The innovation fails to create value for users
• B)The innovator is unable to appropriate the value the innovation creates
• C)Both (a)and (b)are present
• D)If either (a)or (c)is present.

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Definitions:

Social Security

A government program that provides financial assistance to people with an inadequate or no income, primarily the elderly and disabled.

Fiscal Policy

Government policies related to taxation and public spending, aimed at influencing the economy.

Federal Reserve Bank

The central banking system of the United States, which regulates the U.S. money supply and is responsible for monetary policy.

Man-Made Climate Change

Environmental changes resulting from human activities that emit greenhouse gases, leading to global warming and altered weather patterns across the globe.