As with many public goods, determining the appropriate level of government support for the production of...
As with many public goods, determining the appropriate level of government support for the production of general knowledge is difficult because
a. benefits are hard to measure.
b. patents correct for an unknown portion of the externality.
c. members of Congress are often experts in the sciences.
d. the costs always exceed the benefits.
Homework Answers
Ans:
Option A
benefits are hard to measure.
Explanation
Public goods are goods or services whose use by one individual does not reduce its availability to others. Public goods are goods or services for the benefit of the people. Government support for the production of general knowledge is difficult because benefits are hard to measure.
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