Question content area

Part $1$

According to defenders of free$$ markets, which of the following is not true with respect to innovation and$$ growth?

A$.$

New products will be invented and developed naturally by individuals and firms in pursuit of profits.

B$.$

Experimentation has been one of the main driving forces behind$$ long$-$run growth.

C$.$

New products will be devised to adapt to gluts.

D$.$

New techniques will be devised to adapt to changes in consumer demands.

E$.$

Free markets permit massive efforts to develop a chosen innovation.