When did intellectual property rights become part of trade agreements?

What will be an ideal response?


Uruguay Round

Economics

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At the minimum efficient scale

A) all possible economies of scale have not been exhausted. B) marginal cost is at its minimum. C) the firm has achieved the lowest possible average cost of production. D) any increases in the scale of operation will encounter further economies of scale.

Economics

The above figure shows the reaction functions for two pizza shops in a small isolated town. The perfect competitive outcome is that

A) each firm produces 40 pizzas. B) each firm produces 50 pizzas. C) the firms split the production of 200 pizzas. D) each firm produces 200 pizzas.

Economics

An increase in revenue causes economic profit to rise

Indicate whether the statement is true or false

Economics

In reality, the simple spending multiplier [1/(MPS+MPI)] is applicable only to countries whose imports are a substantial fraction of income in foreign countries

a. True b. False Indicate whether the statement is true or false

Economics