(Consider This) According to the Consider This Box on Patents

question 79

Multiple Choice

(Consider This) According to the Consider This box on patents and innovation, the cost for U.S. and European drug companies to research, patent, and safety-test a new drug is about

• A) $100 million.
• B) $750 million.
• C) $1 billion.
• D) $10 billion.

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Definitions:

Ownership of Capital

The possession of capital assets, including tools, buildings, machines, and financial resources, used to produce goods or services.

Social Consciousness

An awareness shared by individuals within a society regarding social issues, injustices, and the need for social change.

Subsidies

Subsidies are financial contributions provided by the government to encourage the production or consumption of a good or service, often to support industries that are considered vital for the national economy.

Incentives

Rewards or penalties that motivate individuals to take specific actions.