A patent
A) grants the creator of a book, film, or piece of music the exclusive right to use the creation for 20 years.
B) grants the creator of a book, film, or piece of music the exclusive right to use the creation during the creator's lifetime.
C) gives a firm the exclusive right to a new product for 20 years from the date the patent application is filed with the government.
D) gives a firm the exclusive right to a new product during the product inventor's lifetime.
Answer: C
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The Japanese economy has been consistently weak throughout the 1990s. This has caused a slight deflation, illustrating the
a. negligible cost of eliminating inflation. b. very slow operation of the economy's self-correcting mechanism. c. tendency of inflation to accelerate during recessions. d. rapidity with which inflation can be stopped.
Since the 1960s, most U.S. foreign aid has been administered through the:
a. United States Agency for International Development. b. United Nations. c. United States Treasury. d. United States Agency for Foreign Intervention.
Which of the following measures to resolve financial crises involves loan commitments to assist a country in getting through a crisis?
A. A rescue package B. Debt restructuring C. Loan amortization D. Debt repudiation
In which industry or sector of the economy is output least likely to be affected by the business cycle?
What will be an ideal response?