A Knowledge Spillover Occurs When Firms

question 166

Multiple Choice

A knowledge spillover occurs when firms:

• A) restrict trade of inputs with each other.
• B) have wasteful expenditure.
• C) mimic the successful innovations of other firms.
• D) keep secrets from other firms.

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Definitions:

Pay Employees

To pay employees means to compensate workers for their services or labor as agreed upon in their employment contract or by regulatory guidelines.

Hours

The measurement of time that an individual works on a given day or for a specific project.

National Labor Relations Board

is an independent federal agency in the United States responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.

Employed

The state of having a paid position of regular employment or being engaged in an activity or task.