One Difference Between a Policy of Direct Spending by the Government

question 10

Multiple Choice

One difference between a policy of direct spending by the government on research and development and an alternative policy of tax incentives to encourage private spending on R&D is ________.

• A)the former improves the productivity of R&D,while the latter raises its level
• B)the former requires a decrease in national saving,while the latter causes an increase
• C)the former raises the level of R&D spending,while the latter also improves its productivity
• D)the former requires an increase in national saving,while the latter causes a decrease

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Definitions:

Attitude Toward Unions

Individuals' opinions or sentiments regarding labor unions, influenced by personal experience, societal norms, and the perceived benefits or drawbacks of union membership.

Financial Markets

Platforms and systems where individuals, organizations, and governments trade financial securities, commodities, and other fungible items of value at prices that reflect supply and demand.

Labor Relations Environment

The context within which interactions between employers, employees, unions, and governments occur, influenced by laws, cultural norms, economic conditions, and industry practices.

Legal Environment

The framework of laws, regulations, and legal processes that govern the operations of businesses and organizations within a jurisdiction.