The Economic Justification for Public Subsidies to University Research Is

question 179

Multiple Choice

The economic justification for public subsidies to university research is based on

• A)the value of this research to the university.
• B)the higher salaries graduate students earn as a result of working with professors involved in research.
• C)the external benefits of research and development to, in particular, high rates of economic growth.
• D)higher incomes earned by those who provide services to university researchers (equipment, supplies, etc.).

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Definitions:

Scientific Method

A systematic and logical approach to discovering how things in the universe work, involving observation, experimentation, and analysis to answer questions.

Theoretical Framework

A theoretical framework is a structured set of concepts and propositions that serves as a guide for research, outlining possible courses of action or to present a preferred approach to an idea or thought.

Identification of the Problem

The process of recognizing and defining an issue or challenge that needs to be addressed or resolved.

Inferential Statistics

A branch of statistics that allows for making predictions or inferences about a population based on a sample of data.