When Technology Spillover Occurs

question 176

Multiple Choice

When technology spillover occurs,

• A)it is the government's responsibility to own firms that are engaged in high-tech research.
• B)a firm's research yields technological knowledge that can then be used by society as a whole.
• C)those firms engaged in technology research should be taxed by the government.
• D)firms invest in the latest production technology and the cost of that technology "spills over" to the prices consumers must pay for the product.

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Definitions:

Exogamy

The social norm of marrying outside one's social group, which helps to expand the social network and alliances.

Exogamy

A social arrangement where marriage is allowed only outside a social group, clan, or tribe, promoting diversity in genetic attributes and cultural practices.

Homogamy

The practice or tendency of people to marry others who share similar cultural, social, or economic backgrounds.

Monogamy

The practice of marrying (or being in a relationship with) one person at a time.