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Hands-Off and Hands-On Economists Agree That Externalities from Research and Development

question 228

True/False

Hands-off and hands-on economists agree that externalities from research and development create a role for government in correcting market failure.


Definitions:

Axon

A slim, elongated extension of a neuron that generally transmits electrical signals away from the cell body of the nerve cell.

Soma

In biology, the body of an organism as distinct from its reproductive cells; in psychology, it represents the body as perceived from within.

Depolarization

A reduction in the difference in electric charge across a cell membrane, leading to the activation of nerve or muscle cells.

Reuptake

A process by which neurotransmitters are absorbed back into a neuron after having been released into a synapse, thus terminating the transmission of signals.

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