Which form of intellectual property protects a drug manufacturer against a rival stealing its brand name?
A. Copymark
B. Copyright
C. Patent
D. Trademark
Answer: D
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Empirical evidence regarding the effects of devaluation on the balance of trade indicates that
A) devaluation generally improves the BOT. B) devaluation generally hurts the BOT. C) no strong generalizations are possible. D) devaluation has no effect on the BOT.
Gains of trade are possible for two countries if they have:
A) different opportunity costs. B) equal opportunity costs. C) different political systems. D) identical political systems.
Suppose that a consumer's preferences are well behaved in that properties 4-1 to 4-4 are satisfied and the initial equilibrium consumption bundle consists of 100 units of X and 50 units of Y. If PX decreases such that the new equilibrium consumption bundle is 150 units of X and 75 units of Y, then goods X and Y are:
A. substitutes. B. unrelated. C. inferior goods. D. complements.
The national income aggregate calculated by subtracting depreciation from GDP is known as
A. Net domestic product. B. Gross investment. C. Value added. D. Net investment.