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What is the relevance of research and development

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Reference no: EM132309361

Assignment: Your Assignment 3 relates to chapter 8 (Productivity and Growth.) You will be answerring questions related to the theory of productivity and growth.

Each of the questions must have at least a half of page of writing supported by more than the textbook refererence, it must come from the FNU Library. In addition your answers must prescribe to APA format. You must submit a cover page, each question in a page by itself, and your references page must be also in a page by itself. And, please do not forget to reference your in-text. Lastly your assignment must be submitted via "Safeassign" in order to obtain your max points your work must be original in at least 70%.

Answer the following questions:

- What is the relevance of research and development to an economy's productivity? Among major economies, how does the United States rank in R&D spending as a share of the GDP?

- Define industrial policy. What are some arguments for and against industrial policy?

Reference no: EM132309361

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