Basic research is a public good because it:
A)is difficult to exclude those who might benefit from it
B)is used to develop public goods
C)always benefits developed countries at the expense of developing countries
D)is a rival good

Question

Quizplus · Accepted Answer

Basic research is a public good because it is difficult to exclude those who might benefit from it. It often leads to the development of new technologies and innovation that have wide-reaching benefits for society as a whole. Unlike private goods, basic research is not a rival good, meaning that one person's use of it does not diminish its availability to others. While basic research can lead to the development of public goods, it is not exclusive to this purpose, and its benefits are not limited to developed countries.

Basic Research Is a Public Good Because It