Why may private r-and-d expenditures be too low, Macroeconomics

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Why may private r-and-d expenditures be too low

Problem

1. As an input to production, how does technology differ from labor and capital inputs?

2. What government policies can be used to promote productivity growth?

3. Why may private R&D expenditures be too low?

4. What is a patent? Why do governments grant them?

5. What are property rights and how do they influence economic growth?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Why may private r-and-d expenditures be too low

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Macroeconomics: Why may private r-and-d expenditures be too low

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