In 1997,American Research and Development Spending Reached Over $200 Billion

question 93

Multiple Choice

In 1997,American research and development spending reached over $200 billion dollars,up from over $74 billion in 1960.During that same period the proportion of research and development spending by government:

• A)rose from 33% of the total to 65%
• B)stayed approximately the same: 33%
• C)fell from 66% of the total to 33%
• D)stayed approximately the same: 65%
• E)none of these choices

---

Definitions:

Sherman Act

A fundamental law against monopolies in the United States, promoting competition and banning monopolistic behaviors.

Collusive Bid-Rigging

Collusive bid-rigging occurs when competing parties conspire to determine the winner of a bidding process in advance, often leading to inflated prices and undermining fair competition.

Sherman Act

A key piece of legislation in the United States designed to prevent monopolies and enhance competition among businesses.

Tying Agreements

Commercial arrangements where the seller conditions the sale of one product on the buyer's agreement to purchase another product from the seller.