Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN: 9781285165875
Author: N. Gregory Mankiw
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 25, Problem 8QR
To determine
The encouragements intechnological knowledge.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
What political factors are driving the new global innovation economy?
in your own words , summarize the relationship of science and technology, social , cultural, political economy aspect in human society
How does innovation disrupt the flow of an economy to any given organization? Discuss
Chapter 25 Solutions
Principles of Economics, 7th Edition (MindTap Course List)
Knowledge Booster
Similar questions
- What is the meaning of the statement "Technology doesn't just get adopted because it works. It gets adopted because people use it and it is made for humans."arrow_forwardThe effects of technology on the economy.arrow_forwardInvention, innovation, and diffusion occur in response to incentives within the economy, meaning that technological advance is to capitalism.arrow_forward
- Describe an innovation in technology, business, orculture that had a major economic impact in yourlifetime.arrow_forwardWhat has happened to real GDP per person in the industrialized countries over the past century? What implications does this have for the average person?arrow_forwardWhat are some economic factors driving the new global innovation economyarrow_forward
- In order to have innovation, you need to a.have strong patent laws b.improve economic growth c.invest in capital d.share the benefits of innovation equallyarrow_forwardWhat is the impact or effect of values, attitudes and beliefs on technological advancement?arrow_forwardList down the main ingredients or raw materials in manufacturing the Ferrari sports car. Identify the corresponding country from which each ingredient or raw material camearrow_forward
- How are the natural and technological environments linked?arrow_forwardForecasting global demand and economic growth requires an understanding of what is happening economically in countries around the globe. True or false?arrow_forwardCountries that are at the technological frontier must __________ to increase living standards and therefore these economies tend to grow __________ relative to countries that are below the technological frontier. a) adopt technologies, slower b) innovate, faster c) innovate, slower d) adopt technologies, fasterarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Economics Today and Tomorrow, Student EditionEconomicsISBN:9780078747663Author:McGraw-HillPublisher:Glencoe/McGraw-Hill School Pub Co
Economics Today and Tomorrow, Student Edition
Economics
ISBN:9780078747663
Author:McGraw-Hill
Publisher:Glencoe/McGraw-Hill School Pub Co