Which of the following policies are designed specifically to directly promote technological change in an economy?
A)government subsidization of research and development
B)tax incentives to promote investment in RRSP plans
C)laws to strengthen property rights
D)a vaccination program to combat infectious diseases
E)policies to protect domestic businesses from foreign direct investment

Question

Quizplus · Accepted Answer

Government subsidization of research and development is a policy that aims to directly promote technological change in an economy by providing financial support to firms and institutions engaged in research and development activities. This support can drive innovation and technological advancement, leading to economic growth and job creation.

B, C, D, and E are not policies specifically designed to directly promote technological change. Tax incentives to promote investment in RRSP plans are a form of retirement savings incentive. Laws to strengthen property rights are meant to protect property owners from theft and other sources of loss. A vaccination program to combat infectious diseases is a public health policy aimed at preventing illness and improving overall health outcomes. Policies to protect domestic businesses from foreign direct investment are designed to promote domestic industries but may not have a direct impact on technological change.

Which of the Following Policies Are Designed Specifically to Directly