A copyright grants the creator of a book, film, or piece of software exclusive legal rights to use the creation for how long?
A) 10 years
B) 20 years
C) 50 years
D) the creator's lifetime plus 70 years for the creator's heirs
D
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Fiscal policy involves changes in _____
a. government spending b. the amount lent by banks c. the interest rate d. the capital markets
The statement, "John buys more of good X as his income increases, ceteris paribus," means
a. John's income is being held constant. b. John's purchases of good X are being held constant. c. John's income and purchases of this good are being held constant. d. John's income is the only influence that is being allowed to change. e. the price of this good is being allowed to change.
When a society cannot produce all the goods and services people wish to have, the economy is experiencing
a. scarcity. b. surpluses. c. inefficiencies. d. inequalities.
By looking at the graph showing growth of government expenditures as a percentage of GDP in the United States from 1929 to 2017, we can see that expenditures were lowest in ______.
a. 1929 b. 1945 c. 1959 d. 2005