It should not be surprising if the public sector fails to pay for the right amount or right kinds of basic research because
A) basic research is not a public good.
B) the benefits of basic research are hard to measure.
C) members of Congress usually have little expertise in science.
D) Both b and c are correct.
Correct Answer:
Verified
Q153: Producers have little incentive to produce a
Q158: It is commonly argued that national defense
Q209: Knowledge is an example of a
A)public good.
B)private
Q210: Advocates of antipoverty programs claim that
A)the government
Q211: Which of the following is an example
Q213: The difference between specific knowledge and general
Q216: Which of the following is a disadvantage
Q217: Even economists who advocate small government agree
Q218: The government provides public goods because
A)private markets
Q219: National defense is provided by the government
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