Research and Development ________ Create an External Benefit

question 19

Multiple Choice

Research and development ________ create an external benefit.With no intervention,we produce too ________ research and development.

• A)does;little
• B)does not;much
• C)does not;little
• D)does;much
• E)none of the above.Research and development create an external cost.

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Definitions:

Claude Henri Saint-Simon

A French social theorist and one of the chief founders of Christian socialism, advocating for a society led by intellectuals and industrialists to improve conditions for the poor.

The Middle-Ages

A period in European history from the fall of the Roman Empire in the West (5th century) to the start of the Renaissance (14th-15th century).

George Simmel

A German sociologist and philosopher known for his analyses of modern urban life, social structures, and the philosophy of money.

Macro-Level

Analysis or perspectives that focus on large-scale systems, structures, or processes within societies or organizations.