The economic justification for public subsidies to university research is based on

Question

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The economic justification for public subsidies to university research is based on the external benefits of research and development to high rates of economic growth. University research can lead to technological advances, new discoveries, and innovations that benefit society and contribute to economic growth. These benefits are not always captured by the researchers or the university, but rather spill over to the wider community. Therefore, public subsidies are needed to ensure that this research can continue and contribute to the economic development of a country. The other options listed may have some impact, but they are not the main economic justification for public subsidies to university research.

The Economic Justification for Public Subsidies to University Research Is