Because General Knowledge Is Not Excludable

question 125

Multiple Choice

Because general knowledge is not excludable,

• A)the government contributes to its production.
• B)the cost generally outweighs the benefit to society.
• C)private markets will not supply any general knowledge to society.
• D)general knowledge cannot be "supplied" to the market by anyone since it is not a product.

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Definitions:

Social Entrepreneurship

The practice of applying business principles and strategies to develop, fund, and implement solutions to social, cultural, or environmental issues.

Diversity

The inclusion of individuals representing more than one national origin, color, religion, socioeconomic stratum, sexual orientation, etc.

Job Embeddedness

The extent to which an employee feels attached to their job and company, influencing their likelihood to stay.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often leading to prejudice and discrimination.