Does Research into New Technologies Create a Positive Externality or Does

question 41

Essay

Does research into new technologies create a positive externality or does it create a negative externality?

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Definitions:

Pilot Devices

Controls, such as buttons and switches, used to operate machinery or equipment indirectly.

Motor Control Circuits

Electrical circuits specifically designed to control the performance and operation of electric motors, including starting, stopping, and speed control.

Hand-off-automatic Circuit

A control circuit configuration that allows an operator to select between manual, off, or automatic operation of a device or system.

Operator

An individual or entity that controls, manages, or manipulates machinery, equipment, or systems.