What does research into new technologies lead to?

a) It provides positive externalities because it creates knowledge others can use.
b) It results in negative externalities because too many resources are used for the small benefits received by society.
c) It results in negative externalities because government funding for research leads to cuts in government spending in other areas.
d) It provides positive externalities because it increases profits for the company that receives government funding for research.

Ans: a) It provides positive externalities because it creates knowledge others can use.

Economics

You might also like to view...

The most important goal of the firm is to

A) maximize its revenues. B) maximize its sales volume. C) maximize its profits. D) minimize its costs.

Economics

The reserve requirement is 0.10. What is the simple deposit multiplier?

A) 2 B) 20 C) 0.2 D) 10

Economics