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:

Act of Commission

An action taken by a person or group intentionally that causes something to occur.

Crimes

Acts or omissions that violate laws which are enforceable by the government and are punishable by fines, imprisonment, or other sanctions.

Criminal Law

The body of law that relates to crime and prescribes conduct perceived as threatening, harmful, or otherwise endangering to the property, health, safety, and moral welfare of people.

Compensate

To make amends for loss or harm suffered; to pay or reimburse someone for damages or losses incurred.