Which of the following would some economists be likely to perceive as the most appropriate public policy response to a positive externality created by the development of a highly innovative new technology?
not taking into account the negative externality associated with social benefit
not taking into account the positive externality associated with social benefit
have reasonable rates of return not based on a notion of unearned social benefits
develop ways to provide a greater share of the social benefits to the innovator

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09-12-2022
SAT

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Which of the following would some economists be likely to perceive as the most appropriate public policy response to a positive externality created by the development of a highly innovative new technology?
not taking into account the negative externality associated with social benefit
not taking into account the positive externality associated with social benefit
have reasonable rates of return not based on a notion of unearned social benefits
develop ways to provide a greater share of the social benefits to the innovator

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KrishnaMitra KrishnaMitra · Answer 1 · 2022-12-14T22:05:38+01:00

The most appropriate public policy response to a positive externality is to develop ways to provide a greater share of the social benefits to the innovator. Hence, option (d) will be considered as the relevant option.

Give a brief account on public policy.

To solve or handle pertinent and real-world problems, public policy is an institutionalized proposition or a decided set of features including laws, regulations, guidelines, and activities that are guided by a conception and frequently implemented by programs. There are many different ways to construct public policy, which can be thought of as the total of all direct and indirect government operations.

They are often developed and/or passed by a government on behalf of the populace. Sometimes they are created by nonprofit organizations, or they are created in collaboration with communities or citizens, who may include prospective subject matter experts, scientists, engineers, and stakeholders. They may also occasionally include scientific data or some of their findings. They are often created by decision-makers connected to recently elected politicians (in democratic polities).

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ayfat23 ayfat23 · Answer 2 · 2022-12-19T15:10:13+01:00

The thing that some economists be likely to perceive as the most appropriate public policy response to a positive externality created by the development of a highly innovative new technology is to develop ways to provide a greater share of the social benefits to the innovator

What is Technology?

Technology can be decribed as the application of knowledge to reach practical goals in a specifiable and reproducible way.

It shopuld be noted that it can be cionsidered as the product of such an endeavor which can be seen in diffent field such as medicine, science, industry, communication,, hence in th case above new technology is to develop ways to provide a greater share of the social benefits to the innovator.

Therefore, option D is correct.

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