Patents stimulate technological advance by
A. enabling the government to determine which potential technological advances firms should pursue.
B. making capital more productive.
C. allowing inventors to capture the economic rewards of their inventions.
D. providing information about the status of technical knowledge in the economy.
Answer: C
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If the United States receives $200 billion of foreign investment and at the same time invests a total of $160 billion abroad, then the U.S
A) balance of payments must be negative. B) current account must be in surplus. C) official settlements account balance increases by $40 billion. D) capital and financial account balance decreases by $40 billion. E) capital and financial account balance increases by $40 billion.
Along the short-run Phillips curve SRPC2 the natural unemployment rate is
A) 8 percent. B) 3 percent. C) 4 percent. D) 6 percent. E) an amount that can be determined from the figure but none of the above answers is correct.
Holding other things constant, an appreciation of the US Dollar relative to the Chinese Yuan causes the demand for the Yuan to _____________ and the supply for Yuan to __________
a. Increase; decrease b. Increase, increase c. Decrease; Increase d. Decrease; Decrease
Bonds issued by a foreign government in its own currency would:
A. be held by the Fed as part of its foreign exchange reserves. B. not be held by the Fed. C. be held by the Fed as part of its securities. D. be held by the Fed as part of its loans.