Asked by Johana Madrid on May 04, 2024
Verified
Because the benefits of basic research are obvious and easy to measure, it is likely that the public sector pays for the right amount and the right kinds of basic research.
Basic Research
Fundamental scientific investigation aimed at gaining more comprehensive knowledge or understanding of the subject under study, without immediate practical application in mind.
Public Sector
The sector of an economy that is controlled by the government and includes government services and enterprises.
- Acquire knowledge on how government intervention assists in the provision of public services and the reduction of externalities.
Verified Answer
LP
Lauren PomerleauMay 06, 2024
Final Answer :
False
Explanation :
The benefits of basic research are often long-term, indirect, and not immediately apparent, making it difficult to measure and predict the right amount and types of research for the public sector to fund.
Learning Objectives
- Acquire knowledge on how government intervention assists in the provision of public services and the reduction of externalities.
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