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.

Familiarize with the tools of monetary policy and their application.

Analyze the relationship between interest rates, business investment, and consumer spending.

Understand the classification and characteristics of different markets (consumer, government, industrial, reseller) and their roles in the economy.

Identify the North American Industry Classification System (NAICS) and its importance in segmenting and analyzing markets.

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Definitions:

Nature

All aspects of the material world such as animals, plants, landscapes, and earth's own creations, excluding human-made objects and structures.

Nurture

The process of caring for and encouraging the growth or development of someone or something, often emphasizing the environmental influences on development.

Authoritative

Pertaining to a style of parenting or leadership that is firm, fair, and nurturing, balancing demands with responsiveness.

Demanding

Requiring much time, effort, or attention, often in a way that is challenging or strenuous.