Recall the Application about allegations that the makers of branded drugs made deals with generic drug makers once the patents expired on branded drugs to answer the following question(s).According to the Application, brand name drugs and generic drugs are ________ each other.
A. virtually identical to
B. completely different from
C. slightly similar to
D. perfect complements of
Answer: A
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Banking crises have occurred throughout the world. What similarities do we find when we look at the different countries?
What will be an ideal response?
Monetarists argued that the Fed wasn't serious about adhering to a money-growth target because
A) it was unable to reduce inflation at all. B) it tried to target three different monetary aggregates simultaneously. C) the sacrifice ratio remained too high. D) it gave too much weight to movements in exchange rates.
Investors value liquidity in an asset because
A) liquid assets tend to have high rates of return. B) liquid assets incur lower selling costs. C) liquid assets incur lower tax liabilities. D) whereas liquid assets have high information costs, their low risk offsets this.
Who actually benefits from a subsidy to sellers?
A. Only consumers benefit from any kind of subsidy. B. Only sellers benefit, since it is their subsidy. C. The benefit is shared depending on elasticity of the supply and demand curves. D. None of these statements is true.