Why are generic pharmaceuticals significantly cheaper than name brand ones?
A.Generic pharmaceuticals are not protected by patent law,
B.Brand name pharmaceuticals are not protected by patent law,
C.The government allows knockoffs of patent-protected medicines in some cases.
D.Generic pharmaceuticals are made by foreign companies that have lower costs.
D.Generic pharmaceuticals are made by foreign companies that have lower costs. (They don't have to pay for development and marketing for the drug.)
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Indicate whether the statement is true or false
A decrease in population growth will lead to a ________ in the steady-state capital—labor ratio and a ________ in output per worker
A) fall; fall B) fall; rise C) rise; rise D) rise; fall
When the Fed targets interest rates, rightward shifts in the IS curve force the Fed to ________ the money supply to hold to that target, which acts to ________ velocity
A) raise, destabilize B) raise, stabilize C) lower, destabilize D) lower, stabilize
Government intervention can serve to stabilize the macro economy by
A. Regulating monopolies and encouraging the equitable distribution of output. B. Reducing employment and encouraging economic growth. C. Reducing inflation and encouraging economic growth. D. Reducing inflation and encouraging the equitable distribution of income.