Besides rewarding discoveries, patents can also prevent them

Indicate whether the statement is true or false


T A collection of existing patents can block a discovery that, if accomplished, would allow a breakthrough to still more discoveries.

Economics

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Describe the field of economics known as microeconomics

What will be an ideal response?

Economics

If a good is scarce, does that imply that there is a shortage of it?

What will be an ideal response?

Economics

How does an import quota differ from an equivalent tariff?

Economics

A worker received $5 for a daily wage in 1930, which has the equivalent value of $63.24 today. If the CPI was 17 in 1930 what is the value of the CPI today, rounded to the nearest whole number?

a. 215 b. 134 c. 17 d. 1.3

Economics