Which of the Following Is Not a Reason Why Government

question 102

Multiple Choice

Which of the following is not a reason why government agencies subsidize basic research?

• A)The private market devotes too few resources to basic research.
• B)The general knowledge developed through basic research can be used without charge.
• C)The social benefit of additional knowledge is perceived to be greater than the cost of the subsidies.
• D)The government wants to attract the brightest researchers away from private research firms.

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Definitions:

Legal Title

The formal ownership of an asset or property, recognized by law, granting the holder specific rights and responsibilities.

Cost of Goods Available

It represents the total value of inventory available for sale during a period, calculated by adding the cost of goods purchased or manufactured to the opening inventory.

Consignment Arrangement

An agreement where goods are placed in the hands of another party to sell, but the ownership remains with the supplier until the goods are sold.

Consignor Ownership

Describes a situation where goods are given to another party (consignee) to sell, but the original party (consignor) retains ownership until the goods are sold.