Allowing people to profit from their innovations has which of the following effects?
A) Technological improvement will be slowed because people focus only on commercially viable projects instead of projects that are truly useful to society.
B) The rate of technological advancement will expand because people are encouraged to innovate by the hope of financial gain.
C) Resources will be diverted from other parts of the economy so that the economy as a whole suffers.
D) Society will benefit, but only to the extent that the profits from those innovations are taxed for the common good.

Question

Quizplus · Accepted Answer

The hope of profit tends to attract resources into innovative activities, expanding the amount of innovation and helping the economy grow.

Allowing People to Profit from Their Innovations Has Which of the Following