Which of the following is true about generalknowledge?___________

A. It is considered a common resource.

B. It is considered a public good.

C. It is considered a club good.

D. It is considered a private good.

As a result, private firms (WOULD OR WOULD NOT) undertake the efficient amount of basic scientificresearch.

Which of the following policies has the United States adopted inresponse to this problem? Check all that apply.

_______Subsidizing research through the National Institutes ofHealth

_______A progressive income tax

_______Taxing revenue from the National Science Foundation

It is often argued that this policy increases the technologicalcapability of American producers relative to that of foreignfirms.

True or False: This argument is correct only if the knowledgeprovided by basic research is not excludable.

True

False