The Government Subsidises Basic Research in Mathematics, Physics, Economics and Other

question 64

True/False

The government subsidises basic research in mathematics, physics, economics and other fields in order to correct for private market failure.

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Definitions:

Cardinal Principle

A basic principle or rule that serves as the foundation for a system of belief or behavior.

Counting

The action of determining the total number of objects in a collection.

Gelman

Refers to the research and contributions of Rochel Gelman, especially regarding cognitive development in children, including concepts of counting and mathematics.

Abstraction

Abstraction in psychology and cognitive science refers to the process of extracting the underlying essence or general patterns from specific examples or experiences.