If a nation changes its laws to more actively enforce intellectual property rights, all of the following will most likely take place except
A) more film makers will choose to do business in that country.
B) more software companies will choose to export their products to that country.
C) foreign investment in that country will increase.
D) the black market for intellectual property will become more prosperous in that country.
D
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The above table shows Tammy's total utility from videos and CDs. If Tammy has $110 to spend on videos and CDs and if the price of a video is $10 and the price of a CD is $20, then the maximum utility Tammy can attain is
A) 1700. B) 300. C) 1580. D) 250.
Assume a firm is operating in a purely competitive market facing an upward-sloping long-run supply curve
If the industry is currently making pure economic profit what adjustment processes would take place in this market? What would happen to the industry supply curve, equilibrium quantity and equilibrium price?
If a perpetuity has a price of $500 and an annual interest payment of $25, the interest rate is
A) 2.5 percent. B) 5 percent. C) 7.5 percent. D) 10 percent.
Excess demand of a product exerts __________pressure on prices
a. Zero b. No c. Upward d. Downward