In Contrast to Government Research and Development,private Sector R&D Has

question 44

Multiple Choice

In contrast to government research and development,private sector R&D has:

• A)more impact on productivity since most government R&D focuses narrowly on military applications.
• B)more impact on productivity since most government R&D focuses narrowly on the service sector.
• C)more impact on productivity since most government R&D focuses narrowly on not-for-profit activities.
• D)less impact on productivity since the government is more motivated and able to hire better people and facilities.
• E)less impact on productivity since firms tend to hold back on research when results are easily copied.

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Definitions:

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service, especially a percentage of the money received from a total paid to the agent responsible for the business.

Human Capital

The total of competencies, wisdom, or intangible valuables of individuals that have the potential to yield financial value for the people, their places of employment, or their local area.

Labor-Market Discrimination

Occurs when two equally qualified individuals are treated differently based on arbitrary characteristics such as race, gender, religion, or nationality in employment decisions.

Compensating Differential

The additional amount of income that a worker requires to be indifferent between working in a job with undesirable conditions and a job with desirable conditions.