Author Question: In contrast to government research and development, private sector R&D has: a. more impact on ... (Read 67 times)

londonang · **on:** Jun 30, 2018

In contrast to government research and development, private sector R&D has:
a. more impact on productivity since most government R&D focuses narrowly on military applications.
b. more impact on productivity since most government R&D focuses narrowly on the service sector.
c. more impact on productivity since most government R&D focuses narrowly on not-for-profit activities.
d. less impact on productivity since the government is more motivated and able to hire better people and facilities.
e. less impact on productivity since firms tend to hold back on research when results are easily copied.

Question 2

Which of the following may result in a higher equilibrium price for a product?
a. Advertising
b. Expectations
c. Imperfect information
d. All of the above answers are true.
e. None of the above answers a.-c. are true.