I need help with questions 7 and 9 thank you. AutoSaveOfDoc1 -P SearchCAROLINA RICAUTEFileDesignReferencesMailingsReviewViewHelpP CommentsA ShareHomeInsertDrawLayoutP Find -* GCalibri (Body)v 11- A A Aa v ANormalNo SpacingHeading 1Replacee- A -DictatePasteI U vabx,EditorA Select vUndoClipboard NFontParagraphStylesEditingVoiceEditorAutoSaveOfDocument1WordP SearchCAROLINA RICAUTEFileHomeInsertDrawDesignLayoutReferencesMailingsReviewViewHelpP CommentsA Share* G- A A Aa -O FindCalibri (Body)- 11No SpacingHeading 1NormalReplacePasteI U v abx A -E E E 13 -DictateEditorBX,A Select vUndoClipboardFontParagraphStylesEditingVoiceEditor7. We used to believe that innovation happened randomly and we had no way to induoe innovation. TheNew Growth Theory is the idea that innovation is not random, but happens because of financial incentives.Therefore, if society rewards innovation, we will continue to have innovation, and therefore continuedeconomic growth. What is one way society can financialy incentivie innovation?8. Anation cannot experience economic growth unlessit has underlying societal institutions in place. Whatare these institutions?« > 1>!!! hD

7. The new growth theory is an economic concept that asserts that humans' insatiable desires and…

7. We used to bele tat inoatin hapered randomly and we had no way o'ndue imovaton. The New Growth Theryiste de tat iovationi not adom,but happes berase f francalinentives. Therefore, fscieyrewarsimovaton, e wil contine to hae imovaton, an thereforecotirued economic growth. What is one wy Ocety ca financaly ncentive inovaton?