The Externality Associated with Technology Spillovers

question 527

Multiple Choice

The externality associated with technology spillovers

• A)cannot be internalized by government.
• B)is a negative externality.
• C)can be internalized, potentially, through taxation of firms that are responsible for technology spillovers.
• D)can be internalized, potentially, through patent protection.

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Definitions:

Stage of Exhaustion

Refers to the final phase of the General Adaptation Syndrome where the body is no longer able to resist stressors effectively, leading to depletion of energy and possible health issues.

Alarm Stage

The initial reaction of the body's stress response, marked by heightened awareness and mobilization of resources to confront a perceived threat.

ABC Approach

A behavioral management strategy focusing on Antecedent, Behavior, and Consequence to understand and modify behavior.

Albert Ellis

An American psychologist who developed Rational Emotive Behavior Therapy (REBT), a form of cognitive behavioral therapy.