The Uruguay Round was unsuccessful in its attempt to strengthen international protection of intellectual property rights
Indicate whether the statement is true or false
FALSE
Explanation: This was one of its great successes.
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Distinguish between a change in quantity supplied and a change in supply
What will be an ideal response?
Briefly describe how competition may reduce discrimination. Give an example.
What will be an ideal response?
The difference between a price decrease and an increase in income is that
A. An increase in income does not affect the slope of the budget line, while a decrease in price does change the slope. B. A price decrease leaves real income unchanged, while an increase in income increases real income. C. A price decrease does not affect the consumption of other goods, while an increase in income does. D. A price decrease decreases real income, while an increase in income increases real income.
When the Federal Reserve makes more money available for banks to lend, the demand curve for loans shifts to the right.
Answer the following statement true (T) or false (F)