There are circumstances where a prize may induce research effort better than a patent
Indicate whether the statement is true or false
T Offering a prize will call attention to the need for a discovery, and thereby attract effort to make the discovery, whereas patents reward individuals who make discoveries and presume the need for them.
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Economists might be willing to accept a policy that adversely affected distribution of income if it
a. lessened income disparities. b. diminished labor productivity by a large amount. c. increased productivity by a large amount. d. were favorable to the rich.
Limits on ________ may help reduce their influence in the political process, but such limits would heighten the current advantage of ________
a. special-interest campaign contributions; challengers over incumbents b. government-financed campaigns; challengers over incumbents c. special-interest campaign contributions; incumbents over challengers d. government-financed campaigns; incumbents over challengers