6. Problems and Applications Q6 Which of the following is true about general knowledge? It is considered a public good. It is considered a common resource. It is considered a club good. It is considered a private good. As a result, private firms undertake the efficient amount of basic scientific research. Which of the following policies has the United States adopted in response to this problem? Check all that apply. A progressive income tax Taxing revenue from the National Science Foundation Subsidizing research through the National Institutes of Health It is often argued that this policy increases the technological capability of American producers relative to that of foreign firms. True or False: This argument is correct only if the knowledge provided by basic research is not excludable. True False