Which of the following is not a reason why government agencies subsidize basic research?
A)The private market devotes too few resources to basic research.
B)The general knowledge developed through basic research can be used without charge.
C)The social benefit of additional knowledge is perceived to be greater than the cost of the subsidies.
D)The government wants to attract the brightest researchers away from private research firms.

Question

Quizplus · Accepted Answer

The primary reasons for government subsidies in basic research include addressing the underinvestment by the private market, the public good nature of knowledge, and the high social returns compared to costs. Attracting researchers away from private firms is not a commonly cited reason for these subsidies.

Which of the Following Is Not a Reason Why Government