Research into New Technologies

question 534

Multiple Choice

Research into new technologies

• A)provides positive externalities because it creates knowledge others can use.
• B)results in negative externalities because government funding for research causes less government spending in other areas.
• C)is protected by patent laws, which eliminates the need for government intervention.
• D)should only be funded by the corporations that will receive the profits from the research.

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Definitions:

Alternative Hypothesis

A hypothesis that proposes a specific relationship or difference between variables, contrary to the null hypothesis.

Population Proportion

The fraction or percentage of a total population that possesses a particular characteristic.

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect in a given set of observations.

Point Estimate

A single value or statistic that serves as the best guess or best estimate of an unknown population parameter.