All of the following statements about government-supported research are true, except: Select the correct answer below: Cooperation between government-funded universities, academies, and the private sector can spur product innovation. O Cooperation between government-funded universities, academies, and the private sector can create whole new industries. State governments are not currently able to cooperate in research efforts; all funding must come from the federal government. Government funded research has the possibility of adding billions of dollars to a nation's GDP.
All of the following statements about government-supported research are true, except: Select the correct answer below: Cooperation between government-funded universities, academies, and the private sector can spur product innovation. O Cooperation between government-funded universities, academies, and the private sector can create whole new industries. State governments are not currently able to cooperate in research efforts; all funding must come from the federal government. Government funded research has the possibility of adding billions of dollars to a nation's GDP.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![All of the following statements about government-supported research are true, except:
Select the correct answer below:
Cooperation between government-funded universities, academies, and the private sector can spur product
innovation.
Cooperation between government-funded universities, academies, and the private sector can create whole
new industries.
State governments are not currently able to cooperate in research efforts; all funding must come from the
federal government.
O Government funded research has the possibility of adding billions of dollars to a nation's GDP.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd5aaad54-90bf-4ac8-8184-f5e95c69c11b%2Fe2df1071-5981-462e-9880-11b2f3c8dff1%2Fyu3rp8_processed.png&w=3840&q=75)
Transcribed Image Text:All of the following statements about government-supported research are true, except:
Select the correct answer below:
Cooperation between government-funded universities, academies, and the private sector can spur product
innovation.
Cooperation between government-funded universities, academies, and the private sector can create whole
new industries.
State governments are not currently able to cooperate in research efforts; all funding must come from the
federal government.
O Government funded research has the possibility of adding billions of dollars to a nation's GDP.
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