A firm's trademark is protected from misuse if it is registered with the
A) U.S.D.A.
B) U.S. Patent and Trademark Office.
C) U.S. Supreme Court.
D) F.C.C.
B
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The rate at which one good can be converted technologically into another is called
A) the marginal rate of transformation. B) the marginal rate of substitution. C) the marginal product of labor. D) the rate of conversion.
Suppose you purchased 500 shares of stock in 2013 for $15 a share, and the price now is $20 a share. If you sell the stock, then your capital gain is
A) $2500. B) $1000. C) $10000. D) indeterminate without knowing the inflation rate.
The reason externalities distort the allocation of resources is that
a. too few goods are usually produced. b. firms often go out of business because of the externality. c. a firm's private costs do not reflect the social cost of production. d. regulating externalities uses scarce resources.
In 2009, actual output in the U.S. was 4.7 percent below the potential output. This implies that the: a. unemployment in the U.S. was below its natural rate. b. poverty level in the U.S. was below average. c. there was a recessionary gap in this economy
d. there was an expansionary gap in this economy. e. there was an excess demand in this economy.