Related to the Economics in Practice on P

question 173

Multiple Choice

Related to the Economics in Practice on p. 304: According to a study cited in the Economics in Practice, if a country is relatively far from the technological frontier of the rest of the world, its best strategy would be to

• A) adopt other countries' policies until it reaches the frontier of the rest of the world.
• B) support its own innovative efforts until it reaches the frontier of the rest of the world.
• C) first adopt other countries' policies, and as the country approaches the frontier, shift to supporting its own innovative efforts.
• D) first support its own innovative efforts, and as the country approaches the frontier, shift to adopting other countries' policies .

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Definitions:

Involuntary Muscle

Muscle that contracts without conscious control, found in the walls of internal organs such as the stomach, heart, and intestines.

Skeletal

Relating to the skeleton, the internal framework composed of bones that supports and protects the body.

Skeletal Muscle

Muscle tissue that is attached to the bones and is responsible for voluntary movements.

Smooth Muscle

A type of muscle tissue which is not under conscious control, found in the walls of internal organs such as the stomach and intestines.