When a patent is awarded, no one but the patent owner may produce the invention without his permission
a. True
b. False
Indicate whether the statement is true or false
True
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A country will likely experience an increase in poverty if
A) its population decreases over time. B) its real GDP per person growth rate increases over time. C) it does not receive foreign aid. D) its inflation rate decreases or slows over time. E) its real GDP growth rate decreases or slows over time.
The required reserve ratio is the minimum percentage of ________ that banks are required to hold by regulation
A) reserves as total assets B) deposits as total assets C) reserves as deposits D) deposits as reserves E) reserves as total liabilities
If the nominal interest rate is 8 percent and inflation is 3 percent, approximately what is the real interest rate?
A) 11 percent B) 8 percent C) 5 percent D) 3 percent
Rational Expectations Theory attributes the ineffectiveness of government inflation policy to an inability to adequately account for people being able to anticipate policy actions and consequences
Indicate whether the statement is true or false