A right granted by the government to a business to be the exclusive user of a phrase, logo, or name of such a business is called a
A. tangible asset.
B. trademark.
C. patent.
D. copyright.
Answer: B
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Referring to Figure 19.2, a depreciation of the dollar is represented by a movement from point
A) a to c. B) c to a. C) c to d. D) b to a.
When there are economies of scale in production:
a. long-run average total cost declines as output expands b. long-run average total cost increases as output expands. c. marginal cost increases as output expands. d. the marginal product of an input diminishes with increased utilization.
State and local spending in 2007 on police, courts, fire, and corrections represented
a. less than 10 percent of all government spending on police, courts, fire, and corrections b. about one quarter of all government spending on police, courts, fire, and corrections c. nearly half of all government spending on police, courts, fire, and corrections d. roughly two thirds of all government spending on police, courts, fire, and corrections e. 85 percent of all government spending on police, courts, fire, and corrections
Through specialization and international trade, a nation:
A. can attain some combination of goods lying outside its production possibilities curve. B. can move from a high consumption-low investment to a high investment-low consumption point on its production possibilities curve. C. will only attain some combination of goods lying within its production possibilities curve. D. will cause its production possibilities curve to shift leftward.