A trademark is:
a. a method of production kept secret by the producing firm
b. a word, name, symbol, or device indicating the source of a good that can only be used by the firm that registered it.
c. a government rule that gives an inventor the exclusive legal right to make, use, or sell an invention for a limited time.
d. a body of law that protects the right of inventors to produce and sell their inventions.
b
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If spending is NOT responsive to changes in the interest rate, then the
A) LM curve is vertical. B) IS and LM curves are vertical. C) IS curve is vertical. D) IS curve is vertical and the LM curve is horizontal.
According to the principle of Rawlsianism:
A. society should place equal weight on the well-being of every individual. B. society should place all weight on the well-being of its worst-off member. C. society should place all weight on the well-being of its best-off member. D. equal division of society's resources among all members of the population is the most equitable outcome.
Suppose a country has a larger increase in debt in 2014 than it had in 2013 . Then other things the same,
a. the supply of loanable funds shifts rightward and the interest rate falls. b. the supply of loanable funds shifts leftward and the interest rate rises. c. the demand for loanable funds shifts leftward and the interest rate falls. d. the demand for loanable funds shifts rightward and the interest rate rises.
Information on MC of production is all that is necessary to obtain the long-run industry supply curve, because P = MC is the profit-maximization condition for all firms.
Answer the following statement true (T) or false (F)