Principles of Macroeconomics 7th Edition

Published by South-Western College
ISBN 10: 1-28516-591-8
ISBN 13: 978-1-28516-591-2

Chapter 12 - Production and Growth - Questions For Review - Page 257: 8

Answer

The U.S. government encourages technological improvement through the funding of research grants and tax breaks for firms who engage in practices to develop and test new technology also to protect the inventors ideas and encourage creation the government issues patents and copyrights on products.

Work Step by Step

This question is simple. The government supports technological advancement and how do they keep this going? By protecting inventors ideas! Patents and copyrights are the solution!
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