All of the Following Statements Are Correct Except

question 30

Multiple Choice

All of the following statements are correct except

• A)knowledge about one process spills over into other segments of the economy.
• B)additional knowledge makes people more productive,and there seems to be no tendency for the additional productivity from additional knowledge to diminish.
• C)knowledge has no external benefit.
• D)knowledge might be an exception to the principle of diminishing marginal benefit.
• E)it is necessary to use public policies to ensure that those who develop new ideas have incentives to encourage an efficient level of effort.