In Contrast to Government Research and Development,private Sector R&D Has

question 103

Multiple Choice

In contrast to government research and development,private sector R&D has

• A)more impact on productivity,since much government R&D focuses narrowly on military applications
• B)more impact on productivity,since much government R&D focuses narrowly on the service sector
• C)more impact on productivity,since much government R&D focuses narrowly on not-for-profit activities
• D)less impact on productivity,since the government is more motivated and able to hire better people and facilities
• E)less impact on productivity,since firms tend to hold back on research when results are easily copied

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Definitions:

Productivity

The measure of how efficiently goods and services are produced, often assessed by the output per unit of input, such as labor or capital.

Graze Cattle

The process of feeding cattle by allowing them to roam and eat grass or other ground vegetation.

Agree

To have the same opinion about something or to consent to a proposal or view.

Interest Rate

The percentage at which interest is paid by a borrower for the use of money they borrow from a lender.