Private businesses tend to spend too little on research and development, because ________
A) investments to increase the capital stock are a better way to boost productivity
B) governments tend to spend too much on research and development
C) patent laws make it difficult to reap the benefits of such spending
D) technology is often nonexcludable
D
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All of the following are sources of funding for capital goods in developing countries EXCEPT
A) portfolio investment. B) taxation. C) foreign direct investment. D) loans from banks.
What does U.S. GDP intend to measure?
A) The market value of final goods and services produced by U.S. citizens during the course of a year B) The market value of all goods and services produced by U.S. citizens during the course of a year C) The market value of final goods and services produced within the U.S. during the course of a year D) The market value of all goods and services produced within the U.S. during the course of a year