innovation, information and the networked economy Flashcards
Which of the following statements is correct regarding innovation?
invention and diffusion is innovation
Which of the following statements is correct regarding Silicon Valley and German innovation systems?
the sucess of silicon valley and german innovation systems are both due to the relasionships among the actors (owners, employees, gov, financers) that promote innovation
The image shows the payoffs for two firms depending on whether they innovate or not. The first number is the payoff for firm A while the second number is for firm B. You can click on the image to enlarge it.
Based on this information, which of the following statements is correct?
the public sector aganencies can play a positive role in this game by encouraging agreement between the firms regarding their innovations
The figure shows the cost curves for a firm producing a knowledge-intensive good. You can click on the image to enlarge it.
The marginal cost is constant at MC = $1 as shown for all output Q. Based on this information, which of the following statements is correct?
with first copy cost and marginal cost, the firms average cost will always be above its marginal cost
The figure shows a hypothetical market for Airbnb, a service that connects travellers looking for short term apartment rentals with owners looking to rent out their home while they are away. You can click on the image to enlarge it.
The demand and supply curves are given by D(S) and S(D) as shown, respectively. Based on this information, which of the following statements is correct?
initial demand of 2000 and supply of 800 would result in an equillibirum of 1800 seekers and 700 apartments posted
Which of the following policies promote efficient innovation processes?
1) subsidising the supply inputs to innovation to allevate cordination problem of complementary innovations
2) patent system to adress high first copy costs of knowledge intensive innovations
Which of the following statements is correct regarding laws protecting intellectual property rights?
trademarks give the owners of a registered design the right to exclude other from using it
The figure depicts the costs and rents associated with innovation for the inventor and others. You can click on the image to enlarge it.
Based on this figure, which of the following statements is correct?
at the point where the patent expires the patent owner falls off a patent cliff and loses innovation rent
The figure depicts the probability of innovation as the duration of patents is increased. You can click on the image to enlarge it.
Based on this information, which of the following statements is correct?
downward sloping point of the graph demonstrates the trade off between greater incentive to innovate from higher innovation rent income and disincentive from potential innovators from using patented knowledge
Which of the following statements are correct regarding public policies for innovation?
the gov coul set up incetinve schemes for innovators creating the best things and award a prize for ones which best reolve issues
The figure is a graph of the share of employment in manufacturing industry in different countries. You can click on the image to enlarge it.
Based on this information, which of the following statements are correct?
1) the shift in employment out of industry was led by the UK and US aroun 1950
2) the uk has consistently had higher share of employment in industry then US
The figure is a scatter plot of occupations for the US economy. you can click on the image to enlarge it.
It measures the 2015 mean hourly wages on the vertical axis and the 2014-2024 projected job growth on the horizontal axis. Based on this information, which of the following statements is correct?
the high wage occupations which are not human service but are projecte job growth are those in which digital infomation processing increases the value of their skill endowments
