Encouraging Firms to Invest in Research and Development and Individuals

question 316

Multiple Choice

Encouraging firms to invest in research and development and individuals to engage in creative endeavors such as writing novels is one justification for

• A)resource monopolies.
• B)natural monopolies.
• C)government-created monopolies.
• D)breaking up monopolies into smaller firms.

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Definitions:

Procommunist Books

Literature that supports or promotes the ideology of communism, often criticizing capitalist societies and advocating for a classless system.

Federal Employees

Individuals employed by the federal government of a country, working in various departments and agencies to administer and implement governmental functions and policies.

Economic Recessions

Periods of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.