It Is Argued That High-Tech Industries Typically Generate New Technologies

question 11

Multiple Choice

It is argued that high-tech industries typically generate new technologies but cannot fully appropriate the commercial benefits associated with their inventions or discoveries.If this is true then in order to maximize a country's real income,the government should

• A) tax the high-tech firms.
• B) subsidize the high-tech firms.
• C) protect the high-tech firms.
• D) outsource high-tech production.
• E) discourage high-tech investments.

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Definitions:

Line-By-Line Method

A consolidation technique where the financial statements of the parent and its subsidiaries are combined by adding together like items of assets, liabilities, equity, income, and expenses.

Cash

Money in the form of bills or coins; represents the most liquid form of assets available.

Building

A structure with walls and a roof, such as a house or factory, designed for various uses.

Investment

Allocation of resources, such as capital or time, in the expectation of generating an income or profit.