Which form of intellectual property protects a movie maker?
A. Patent
B. Copymark
C. Copyright
D. Trademark
Answer: C
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Suppose an industry is made up of 25 firms, all with equal market share. The four-firm concentration ratio of this industry is
A) 16%. B) 20%. C) 25%. D) It cannot be determined from the information given.
Which of the following is usually true about government-provided goods?
a. These goods have a zero opportunity cost. b. These goods are not scarce. c. People do not have to pay a fee to enjoy these goods. d. The invisible hand is at work to ensure these goods are provided in the market
Choice variables
A. determine the constraint B. determine the value of the objective function C. can only take on integer values D. cannot be continuous E. both c and d
Based on the graph showing an increase in the growth of the money supply, the implication of the economy moving from point A to point C is that policies to alter output or unemployment ______.
a. can eliminate long-term unemployment problems
b. can help the economy sustain high output levels over long periods
c. take a long time to produce any noticeable effects
d. are ineffective over time because the economy returns to natural levels