Economists believe that governments that encourage research and development through their policies do it through which of the following methods?

Question

Quizplus · Accepted Answer

The most effective methods for governments to encourage research and development are through establishing a patent system to protect intellectual property, providing funding for university research, and conferring intellectual property rights. These policies incentivize innovation and encourage companies and individuals to invest in R&D. Protecting infant industries from overseas investment can be a part of a broader industrial policy, but it is not directly related to promoting R&D. Similarly, consumer subsidies could help drive demand for innovative products, but they do not encourage the actual production of those products. Decreasing migration is not a policy that directly relates to promoting innovation.

Economists Believe That Governments That Encourage Research and Development Through