An Example of Basic Research Is

question 29

Multiple Choice

An example of basic research is

• A)the development of new plastics that can be recycled.
• B)the study of the relationship between the amount of automobile emissions gases in the atmosphere and the decomposition of atmospheric ozone.
• C)the study of the composition of the atom.
• D)the design of new batteries for electric cars.
• E)the study of natural compounds in sea animals to look for new molecules that can be used for medicine.

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Definitions:

Public Good

A product or service that is made available to all members of a society, typically free of charge, and which no individual can be excluded from using.

Common Resource

A shared resource that multiple parties can access and use, which often leads to overuse and depletion due to a lack of exclusive ownership.

Positive Externality

A benefit that affects a party who did not choose to incur that benefit, often associated with public goods or services that extend beyond the direct participants in an economic activity.

Rival in Consumption

Refers to a situation where the consumption of a good by one individual prevents or diminishes its consumption by another.