When Firms Benefit from the Results of Research and Development

question 198

Multiple Choice

When firms benefit from the results of research and development they didn't pay for,we say firms

• A)are litigious.
• B)free ride.
• C)invest in knowledge capital.
• D)maintain a level playing field.

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Definitions:

Progressive-Era Immigration

The period from the late 19th century to the early 20th century characterized by high levels of immigration to the United States, prompting significant social, political, and economic changes.

Industrial Expansion

The increase in industrial activity, typically characterized by the growth of manufacturing output and the development of new technologies, leading to economic growth.

Socialist Party

A political party advocating for socialism, which includes the belief in social ownership, democratic control of the means of production, and the political ideology focused on social equality.

Eugene Debs

was an American socialist, political activist, trade unionist, and one of the founding members of the Industrial Workers of the World, as well as a five-time Socialist Party of America presidential candidate.