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Negative Externalities in Technological Innovation

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Negative Externalities in Technological Innovation

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Questions and Answers

Which entity provides the majority of R&D funds for technological innovation?

Government

Communities

Industry (correct)

Individuals

What are negative externalities?

Costs that are borne by individuals other than those responsible for creating them (correct)

Benefits that are reaped by those responsible for creating them

Benefits that are reaped by individuals other than those responsible for creating them

Costs that are borne by those responsible for creating them

What is the practical implementation of an idea into a new device or process called?

R&D

Innovation (correct)

Externalities

Industry

What is an individual's creative ability a function of?

Intellectual abilities Signup and view all the answers

What are production technologies sometimes responsible for that is harmful to surrounding communities?

Pollution Signup and view all the answers

What is the role of government in innovation?

Government plays a significant role in innovation. Signup and view all the answers

What is the definition of innovation?

Innovation is the practical implementation of an idea into a new device or process. Signup and view all the answers

What are some negative externalities that can result from technological innovation?

Sometimes technological innovation results in negative externalities, such as pollution that is harmful to surrounding communities. Signup and view all the answers

What is the primary source of R&D funds for technological innovation?

The industry provides the majority of R&D funds that are ultimately applied to technological innovation. Signup and view all the answers

What is an individual's creative ability a function of?

An individual's creative ability is a function of their intellectual abilities, including primary process thinking and remote associations or divergent thinking. Signup and view all the answers