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Economics of Innovation Flashcards | StudBud
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Economics of Innovation
Economics of Innovation
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A quick quiz on aspects of the economics of innovation
Flashcards
15 cards
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Questions
15
Answers
1
In which decade did the computer mouse make a debut?
1960s
1980s
1970s
1950s
2
In which year did Steve Jobs launch Apple's iPhone?
2012
2009
2007
2005
3
Which country came top in the 2019 ranking for
the Most Innovative Economy in the World?
Singapore
Germany
South Korea
Greece
4
In which decade was the pocket calculator invented in Japan?
1960s
1980s
1950s
1970s
5
How long does the typical successful new drug take to obtain final approval for use?
5 years
12 years
2 years
8 years
6
The world's largest battery factory has been built by which company?
Amazon Web Services
Tesla
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Google
7
Identify this entrepreneur when he was younger
Elon Musk
Steve Jobs
Geoff Riley
Jeff Bezos
8
Which of these
did not exist 10 years ago
in 2010?
UberEats
Apple Maps
Amazon Alexa
Snapchat
9
Which of the following might be accurately described as
process innovation
?
Offshoring and outsourcing
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Nespresso Coffee Capsules
Cloud computing services
10
Joseph Schumpeter popularised which concept in Economics?
Animal spirits
Laizzez-faire capitalism
Creative destruction
Fiscal austerity
11
Who said "The pandemic pits all of humanity against the virus. I see global innovation as key to limiting the damage"
Dominic Cummins
Jeff Bezos
Geoff Riley
Bill Gates
12
"The mother of invention is"
Necessity
Vanity
Futility
Bekynton
13
Which of the following might best be described as
product innovation
?
Just-in-time supply chains
Nando's Sauces
Application Programming Interface (API)
Amazon Prime Live Sports
14
The principle that the processing power of computers doubles every two years is known as?
Linus's Law
Metcalfe's Law
Moore's Law
Gates' Law
15
As of June 24th, Netflix is worth more on the stock market than which companies?
Starbucks
Coca Cola
Goldman Sachs
Pepsico