The federal government awards a patent holder the exclusive right to make, use, and sell an invention for a period of
A. 17 years.
B. 100 years.
C. unlimited period.
D. 20 years.
Answer: D
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The table above gives Jane's total utility from magazines and CDs. What is the marginal utility of Jane's sixth magazine?
A) 80 units B) 60 units C) 36 units D) 15 units
A demand curve is also a willingness-and-ability-to-pay curve
Indicate whether the statement is true or false
A Big Mac costs $4.00 in the United States and 9.00 reals in Brazil. If the exchange rate is 2 reals per dollar, purchasing power parity predicts that
A) the dollar will depreciate as the supply of dollars rises in the long run. B) the dollar will appreciate in the long run as the demand for the dollars rises. C) the dollar will appreciate as the demand for dollars falls in the long run. D) the dollar will depreciate as the demand for dollars falls in the long run.
Which of the following federal agencies is engaged in economic regulation?
A) Occupational Safety and Health Administration B) Federal Motor Carrier Safety Administration C) Food and Drug Administration D) Consumer Product Safety Commission