It Is Argued That High- Tech Industries Typically Generate New

question 30

Multiple Choice

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)protect the high- tech firms.
• B)subsidize the high- tech firms.
• C)tax the high- tech firms.
• D)discourage high- tech investments.
• E)outsource high- tech production.

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Definitions:

Reality

The state of things as they actually exist, as opposed to an idealistic or notional idea of them.

Flavell

An American developmental psychologist known for his research on cognitive development and metacognition, particularly in children.

Competence

The ability to effectively perform or achieve a specific task or function.

Performance

The act or process of carrying out an action or task, often evaluated in terms of effectiveness, skill, or efficiency.