As with Many Public Goods, Determining the Appropriate Level of Government

question 336

Multiple Choice

As with many public goods, determining the appropriate level of government support for the production of general knowledge is difficult because

• A)patents correct for an unknown portion of the externality.
• B)benefits are hard to measure.
• C)members of Congress are often experts in the sciences.
• D)the costs always exceed the benefits.

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Definitions:

Ribosomes

Cellular structures that synthesize proteins by translating mRNA into polypeptide chains.

Polypeptide

A linear organic polymer consisting of a large number of amino acid residues bonded together, forming part of (or the whole of) protein molecules.

mRNA

Messenger RNA, a type of RNA that carries genetic information from DNA to the ribosome, where it specifies the amino acid sequence of the protein products of gene expression.

Triphosphate Group

A triphosphate group consists of a molecule containing three phosphate groups, and it's most commonly associated with adenosine triphosphate (ATP), which is a primary energy carrier in cells.