Government intervention in the economy with the goal of promoting technology-producing industries is known as patent policy
a. True
b. False
Indicate whether the statement is true or false
False
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Q: How many economists does it take to change a light bulb?
A: All. Because then you will generate employment, more consumption, moving the aggregate demand curve to the right. This joke represents the view of A) classical economists. B) economists who contend that money illusion never occurs. C) Keynesian economists. D) economists who conclude that wages and prices are very flexible.
Diseconomies of scale are associated with: a. a downward sloping long-run average total cost curve. b. an upward sloping long-run average total cost curve. c. a horizontal long-run average total cost curve
d. a vertical long-run average total cost curve.
The terms of trade between two countries refer to
A. The terms set by the World Trade Organization for trade. B. The amount of good A given up for good B. C. The rules governing trade between the two countries. D. What price the two countries agree upon for their imports and exports.
The biggest difference between mutual funds and life insurance policies is:
A. one is considered savings, and the other is an investment. B. one is a savings plan, and one allows you to reduce your risk. C. when you can have access to your contributions. D. when you are required to contribute to them.