Research into new technologies
A)provides positive externalities because it creates knowledge others can use.
B)results in negative externalities because government funding for research causes less government spending in other areas.
C)is protected by patent laws, which eliminates the need for government intervention.
D)should only be funded by the corporations that will receive the profits from the research.

Question

Quizplus · Accepted Answer

Research into new technologies creates knowledge that can benefit society as a whole, even if it is primarily funded by private corporations. This is known as a positive externality, as the benefits of the research extend beyond the individual or entity funding it.

Research into New Technologies