Patents

A) are a legal barrier to entry.
B) remove legal barriers to entry.
C) create economies of scale.
D) decrease the incentive to innovate.
E) are prohibited in the United States.


A

Economics

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A goal of expansionary monetary policy is to:

A) decrease the rate of growth of real GDP. B) increase the rate of growth of real GDP. C) increase inflation. D) none of the above.

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Under a fixed exchange rate regime, a central bank that does not want to acquire international reserves to keep its currency from ________ will decide to ________ its currency

A) depreciating; revalue B) depreciating; devalue C) appreciating; revalue D) appreciating; devalue

Economics

If the income elasticity of demand for a good is positive, the good is a normal good

a. True b. False Indicate whether the statement is true or false

Economics

Which of the following equations is an overidentified equation??

A. ?y1=?12y2+?13y3+?11z1+u1 B. ?y2= ?21y1 + ?21z2 + ?23z3 + u2 C. ?y3=?32y1+?31z1+?32z2+?33z3+?34z4+u3 D. ?y1=?10+?1y2+z1?1+u1

Economics