If a firm has developed a very popular chocolate bar recipe, the firm would consider the chocolate bar recipe to be which of the following?
A) a trademark B) a copyright C) a patent D) a trade secret
D) a trade secret
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Based on this figure, if the krone exchange rate is fixed at $0.15 dollars per krone, then the krone is:
A. overvalued B. undervalued C. devalued D. revalued
Unemployment is good from a social point of view because
A) it keeps wages in check. B) it allows for better matches between workers and firms. C) it provides free time. D) it keeps the least efficient workers out.
The difference between the nominal interest rate and the rate of inflation is: a. the prime rate
b. the real interest rate. c. the discount rate. d. coupon rate.
Suppose the price of butter falls because milk price supports are removed. Will people's tastes shift away from margarine and toward butter?