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:

Production Targets

These are specific goals set for the amount of products manufactured or services delivered in a certain period of time.

Cost Overrun

Occurs when the actual cost of a project exceeds the originally budgeted or estimated cost.

Irish Shamrock Model

A conceptual framework proposed by Charles Handy that describes an organization structure divided into three parts: core staff, contractual fringe, and flexible labor force.

Core Workers

Essential employees who are critical to the foundational operations and success of a business.