Which of the following policies are designed specifically to directly promote technological change in an economy?
A)government subsidization of research and development
B)tax incentives to promote investment in 401K plans
C)laws to strengthen property rights
D)a vaccination program to combat infectious diseases

Question

Quizplus · Accepted Answer

Government subsidization of research and development is a direct policy aimed at promoting technological change in an economy by providing financial support to firms engaged in R&D. The other options do not directly promote technological change. Tax incentives for investment in 401K plans promote savings and investment but do not necessarily promote technological change. Laws to strengthen property rights create a favorable environment for investment, but they do not directly promote technological change. A vaccination program is aimed at improving public health and does not have a direct impact on technological change.

Which of the Following Policies Are Designed Specifically to Directly