This topic contains a solution. Click here to go to the answer

Author Question: Suggest two policies the government could pursue to help increase the accumulation of knowledge. ... (Read 132 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
Suggest two policies the government could pursue to help increase the accumulation of knowledge.
 
  What will be an ideal response?

Question 2

Refer to Figure 18-1. Of the tax revenue collected by the government, the portion borne by consumers is represented by the area
 
  A) B + C + F + G. B) E + H. C) F + G. D) B + C.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ndhahbi

  • Sr. Member
  • ****
  • Posts: 390
Answer to Question 1

Any two of the following three explanations are correct.
First, the government could increase the incentive to engage in research and development by giving firms the exclusive rights to their discoveries for a long period of time. The U.S. government does this by granting patents, or the exclusive right to produce a product, for 20 years to firms that invent new products or processes. This allows the company to capture the profits from selling this product exclusively.
Second, the government can encourage research and development by directly subsidizing research and development. This can be done by granting tax benefits to the firm that invests in research and development, providing support for research at a university, or directly carrying out the research itself.
Third, the government can subsidize education. This should increase the number of workers with technical training.

Answer to Question 2

D




fnuegbu

  • Member
  • Posts: 539
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


vickyvicksss

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Gracias!

 

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

For a complete list of videos, visit our video library