Take the following as truth: RESEARCH AND DEVELOPMENT -Federal investment in research and development refers to those expenses incurred in support of the search for new or refined knowledge and ideas and for the application or use of such knowledge and ideas for the development of new or improved products and processes with the expectation of maintaining or increasing national economic productive capacity or yielding other future benefits.
Then the following statement: "Federal government conducts research." is true, false, or inconclusive?
Answer: True