One difference between a policy of direct spending by the government on research and development and an alternative policy of tax incentives to encourage private spending on R&D is ________.
A) the former improves the productivity of R&D,while the latter raises its level
B) the former requires a decrease in national saving,while the latter causes an increase
C) the former raises the level of R&D spending,while the latter also improves its productivity
D) the former requires an increase in national saving,while the latter causes a decrease
Correct Answer:
Verified
Q57: The goal of endogenous growth theory is
Q58: Because old ideas are an input in
Q59: The quote,"If I have seen farther than
Q60: The Romer model is distinct from the
Q61: In the Romer model,as more labor is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents