The Private Return from Research and Development Might Be Less

question 31

Multiple Choice

The private return from research and development might be less than the social return because:

• A)others than just the inventor can use inventions that come out of research and development.
• B)it is encouraged by patents and copyrights.
• C)it is funded by the government.
• D)all of the above.

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Definitions:

Lens

A piece of glass or other transparent material with curved sides for concentrating or dispersing light rays, used in glasses or cameras to aid in focus.

Doctrine of Specific Nerve Energies

The principle that the nature of a perception is defined by the pathway over which sensory information is carried, rather than by the form of the stimulus itself.

Hering's Theory

A theory in color vision proposing that the visual system interprets color in terms of opposing pairs: blue-yellow, red-green, and black-white.

Volley Principle

A theory explaining how auditory nerve cells collectively respond to sounds of high frequency by firing in rapid succession, allowing for the perception of pitch in the auditory system.