The government should formulate a technology policy because
A)private incentives for technology production may outweigh the social benefits of such production.
B)research on technology can be kept secret.
C)the technology being produced is highly excludable.
D)the incentives are too low without government intervention.
E)the incentives to produce the technology are too high.

Question

Quizplus · Accepted Answer

Government intervention can help increase incentives for technology production, addressing situations where private incentives are insufficient to meet societal needs or to drive innovation at the desired pace.

The Government Should Formulate a Technology Policy Because