A copyright gives an inventor the exclusive right to make, sell, or use an invention for a limited time
a. True
b. False
Indicate whether the statement is true or false
False
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In game in Scenario 13.8, what is the Nash equilibrium?
A) The strategy pair associated with $1, $10. B) The strategy pair associated with $2, $0. C) The strategy pair associated with $1, -$5000. D) The strategy pair associated with $2, $2. E) There is no Nash equilibrium in pure strategies.
Some employers choose to discriminate as a means of ____ information costs by hiring workers from a similar background as those that were ____ productive in the past
a. increasing; more b. reducing; more c. increasing; less d. reducing; less
Suppose that in a certain nation the flat income tax rate of 40 percent is reduced to 35 percent and as a result the tax base rises from $400 billion to $600 billion. As a result, ax revenues __________, indicating the nation is on the __________ portion of its Laffer curve
A) rise; upward-sloping B) rise; downward-sloping C) fall; upward-sloping D) fall; downward-sloping
An increase in a country's budget surplus shifts its
a. demand for loanable funds right and decreases investment spending. b. supply of loanable funds right and increases investment spending. c. supply of loanable funds left and decreases investment spending. d. None of the above is correct.