Determining the appropriate level of government support for expanding general knowledge
A)is determined by demand and supply.
B)is accurately determined by Congress.
C)can be easily measured by determining the amount where private benefits equal social cost.
D)is difficult because the social benefits are hard to measure.

Question

Quizplus · Accepted Answer

The social benefits of expanding general knowledge are difficult to measure because they are often intangible and long-term. While demand and supply play a role in determining government support, it is not the only factor. Determining the appropriate level of government support for expanding general knowledge involves balancing various factors, such as the potential economic and societal benefits, with the costs of implementing such programs. It is not accurately determined by Congress alone, and cannot be easily measured by a simple formula such as determining where private benefits equal social cost.

Determining the Appropriate Level of Government Support for Expanding General