It Is Argued That High-Tech Industries Typically Generate New Technologies

question 9

Multiple Choice

It is argued that high-tech industries typically generate new technologies but cannot fully appropriate the commercial benefits associated with their inventions or discoveries. If this is TRUE, then in order to maximize a country's real income, the government should

• A) tax the high-tech firms.
• B) subsidize the high-tech firms.
• C) protect the high-tech firms.
• D) outsource high-tech production.
• E) discourage high-tech investments.

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Definitions:

Poverty

A condition where individuals or communities lack the financial resources and essentials for a minimum standard of living.

Exchange

The act of trading goods, services, or currencies among parties.

Opportunity Cost

Forfeiting the immediately lesser choice has a cost attached when decisions are being made.

TV Commercials

Short visual advertisements broadcast on television to promote products, services, or ideas to a wide audience.