The Potential Profit from New Technological Advancements and Innovations

question 12

Multiple Choice

The potential profit from new technological advancements and innovations

• A) Gives the private sector a better incentive to commercialize new technologies.
• B) Gives the public sector a better incentive to make investments into farsighted research.
• C) Leads to rent-seeking behavior and corruption in government.
• D) Provides similar incentives to the private and public sectors with respect to researching new technologies.

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Definitions:

Reaction

A process in which substances interact to form one or more new substances, characterized by changes in chemical or physical properties.

Compound

A material composed of two or more elements that are chemically bonded together in precise ratios.