University Researchers Create a Positive Externality Because What They Discover

question 168

Multiple Choice

University researchers create a positive externality because what they discover in their research labs can easily be learned by others who haven't contributed to the research costs. What could the federal government do to equate the equilibrium quantity of university research and the socially optimal quantity of university research produced?

• A)tax university researchers
• B)offer grants to university researchers
• C)eliminate subsidized student loans
• D)nothing

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Definitions:

Equality of Opportunity

The principle that all individuals should have the same opportunities to achieve success and advancement, without discrimination based on race, gender, class, or other irrelevant factors.

Equality of Condition

An ideal state wherein all individuals have the same access to resources, opportunities, and rights, eliminating disparities based on socio-economic status or other attributes.

Schoolwork

Assignments and academic tasks assigned to students by their teachers as part of their educational curriculum.

Myths of Poverty

Refers to widely held but false beliefs about poverty and the people who experience it, often perpetuating stereotypes and misunderstandings.