1. (True or False) When one country is a technological leader and another is a follower, benefits can only flow one way: from leader to follower. 2. (True or False) Wealthy consumers are typically willing to tolerate less risk when they adopt a new technology 3. (True or False) Creative Destruction applies a biological analogy -"industrial mutation" - to describe innovative ideas replacing established ideas. 4. (True or False) Innovation clusters typically only impact a single industry 5. (True or False) Countries with large technological gaps and high social capability have high potential to exploit advanced technologies. 6. (True or False) "Innovators as a category of technology adopters - are characteristically venturesome. "Early Adopters are deliberate, and the "Early Majority" are respected opinion leaders 7. (True or False) "What the government chooses to do" falls into three types of policy distributive, regulatory, and redistributive. 8. (True or False) Observability and trialability are two technology characteristics driving the diffusion of residential solar photovoltaic panels. 9. (True or False) The notion of a "punctuated equilibrium in public policy describes relatively long periods of low activity interspersed with short periods of high activity. 10. (True or False) The correct counterfactual for estimating a policy's impact is always the business as usual (BAU) case. 11. (True or False) Life-cycle analysis considers all of the impacts associated with providing a particular functional unit - from "cradle to grave." 12. (True or False) Externalities - both positive and negative- result in inefficient markets and are a motivation for policy intervention