It is argued that high-tech industries typically generate new technologies but cannot fully appropriate the commercial benefits associated with their inventions or discoveries
If this is true then in order to maximize a country's real income, the government should A) tax the high-tech firms.
B) subsidize the high-tech firms.
C) protect the high-tech firms.
D) outsource high-tech production.
E) discourage high-tech investments.
B
You might also like to view...
Jack swapped his basketball for Jim's glove. Even if national income accountants were aware of this trade, they wouldn't include it in their GDP measure because
A) it was an unproductive exchange. B) the basketball and glove were not final goods. C) this was not a market transaction. D) it failed to increase the wealth of both traders. E) there is no satisfactory way to determine market values for bartered goods, new or used.
If marginal utility from consuming an extra unit of a good is positive, then the consumer's total utility must increase as more of the good is consumed
a. True b. False
Andy does not bother to lock the door to his house because he has theft insurance. This is an example of:
A. a positive spillover. B. moral hazard. C. adverse selection. D. irrational behavior.
Refer to the graph. The bracket B represents the:
A. Amount of arbitrage for this asset
B. Rate of return for the market portfolio
C. Risk premium for an asset's risk level
D. Compensation for time preference for an asset