Multiple Choice
Government agencies subsidise basic research because:
A) the private market devotes too few resources to basic research
B) the general knowledge developed through basic research can be used without charge
C) the social benefit of additional knowledge is perceived to be greater than the cost of subsidies
D) all of the above are true
Correct Answer:
Verified
Correct Answer:
Verified
Q40: Basic research is a public good because
Q41: Which of the following would be considered
Q42: If people can be prevented from using
Q43: When one person uses a common resource,
Q44: Private ownership of a common resource works
Q47: It is common knowledge that many national
Q48: Tim works for the government and is
Q49: A natural monopoly is:<br>A)provided by the government<br>B)excludable
Q50: A good that is not subject to
Q162: One person's use of common resources does