The implementation of new technology can be quick throughout the world if
(a) patent rights are leased and purchased.
(b) unions are strong.
(c) economies are closed to foreign competition.
(d) tariffs are placed on those imported goods and services benefiting from
the technological advancements in the rest of the world.
(a)
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Paul and Wayne are starting a consulting firm together. Their liability is limited; therefore, their firm is an example of a
A) partnership. B) proprietorship. C) corporation. D) None of the above answers is correct.
Soldiers in a World War II prisoner-of-war camp
A) used cigarettes as money. B) used cowrie shells as money. C) used U.S. dollars as a commodity money. D) used gold as a fiat money.
Refer to Figure 9-5. With the tariff in place, the United States consumes
A) 18 million pounds of coffee. B) 20 million pounds of coffee. C) 26 million pounds of coffee. D) 38 million pounds of coffee.
Lower real interest rates in the United States (relative to foreign real interest rates) will lead to a(n) ________________ of the dollar and a ______________ shift of the U.S. SRAS curve
A) appreciation; rightward B) appreciation; leftward C) depreciation; rightward D) depreciation; leftward