Suppose Scientific Research Generates External Benefits

question 249

Multiple Choice

Suppose scientific research generates external benefits.Without government intervention,the market for scientific research would

• A) produce the efficient amount.
• B) produce more than the efficient amount.
• C) produce some research, but less than the efficient amount.
• D) produce zero research.
• E) either produce more than or less than the efficient amount depending on whether the external benefit is on the production or consumption of the research.

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Definitions:

Learning Processes

The methods or pathways through which individuals acquire knowledge, skills, values, and attitudes, enabling them to understand and adapt to the world.

Adult and Peer Influences

The impact and effect that adults and peers have on an individual's behavior, attitudes, and development.

Bayley Scales

A set of standardized tests used primarily to assess the development of infants and toddlers, covering areas such as motor, cognitive, and language skills.

Mental and Motor Abilities

Refers to the combination of cognitive functions and physical movement skills.