Which of the following would not be covered by copyrights?
A) a movie script
B) a comic book
C) a poem
D) a prescription drug
D
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If real GDP in 2016 (using 2009 prices) is lower than nominal GDP of 2015, then
A) prices in 2016 are higher than prices in 2015. B) prices in 2016 are lower than prices in 2015. C) real GDP in 2016 is larger than real GDP in 2015. D) nominal GDP in 2016 equals nominal GDP in 2015.
For a country in autarky, the opportunity cost of the good on the horizontal axis is the same as
A) the relative price of the good on the vertical axis. B) the relative price of the good on the horizontal axis. C) the opportunity cost of the good on the vertical axis. D) Both A and C. E) None of the above.
In the United States, the Federal Deposit Insurance Corporation (FDIC) usually insures the value of deposits up to
A) $50,000. B) $100,000. C) $500,000. D) $1,000,000.
A market might have an upward-sloping long-run supply curve if
a. firms have different costs. b. consumers exercise market power over producers. c. all factors of production are essentially available in unlimited supply. d. the entry of new firms into the market has no effect on the cost structure of firms in the market.