Which of the following approaches will help traditional American companies operating in countries like China to protect intellectual property rights?
A. avoiding negotiation and alternative dispute resolution
B. complaining to the U.S. government and World Trade Organization
C. expecting the home country to actively police their intellectual property
D. using IP without registering it with the appropriate agencies in United States
E. not engaging local representation
Ans: B. complaining to the U.S. government and World Trade Organization
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Which of the following will cause a leftward shift of the supply curve for houses?
A.) A decrease in consumer incomes. B.) An improvement in the technology used to build houses. C.) Consumer expectations that the price of houses will increase next year. D.) An increase in the cost of construction materials.
Social Security payments:
A. cause concern for retirees, due to the increase in life expectancies. B. continue to cause the elderly to lose income over time, since payments are not adjusted for inflation. C. hold their real value because they are adjusted for inflation. D. are the biggest drain on the retirees' budget each year.
When commercial banks retire outstanding loans, the supply of money is increased.
Answer the following statement true (T) or false (F)
Value added is
A. the dollar value contributed to a product at the last stage of its production. B. the price of an intermediate product. C. the sum of the prices of intermediate products. D. the amount of dollar value contributed to a product at each stage of its production.