A Government Can Fund R&D Directly,by Offering Contracts to Corporations

question 1

True/False

A government can fund R&D directly,by offering contracts to corporations for performing research in a specific area.

---

Definitions:

Inflation Targets

specific and publicly announced goals for the annual rate of inflation that central banks aim to achieve over a particular time frame.

Economic Growth

An increase in the amount of goods and services produced per head of the population over a period of time, indicating improvements in living standards and economic health.

International Competitiveness

The ability of a country to produce goods and services at a lower price and higher quality than its international competitors.

Economic Fluctuations

Variations in the growth rate of an economy over a period of time, characterized by cycles of expansion and contraction.