Because Technology Exhibits Nonrivalry and Nonexcludability, There Will Likely Be

question 68

Multiple Choice

Because technology exhibits nonrivalry and nonexcludability, there will likely be

• A)learning by doing.
• B)an underproduction of technology.
• C)specialization.
• D)an overproduction of technology.
• E)human capital development.

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Definitions:

Federal Spending

Government expenditures funded by the federal budget, including defense, education, social security, and healthcare programs.

National Defense

The government's role and responsibility in protecting a country and its citizens from external threats and maintaining internal security.

Progressive Tax

A tax system in which the tax rate increases as the taxable amount increases, typically placing a heavier burden on wealthier individuals.

Benefits-Received Principle

A tax theory stating that those who benefit from government services should pay taxes in proportion to the amount of benefits they receive.