What do we mean when we say that some technological knowledge is not proprietary?
Technological knowledge is not proprietary if it is common knowledge — after one person uses it, everyone becomes aware of it.
You might also like to view...
The cars produced by Toyota in its factory in Kentucky ________ in U.S. GDP and ________ in U.S. GNP
A) count, count B) count, do not count C) do not count, count D) do not count, do not count
Alice Hanson Jones (1980) finds that private nonhuman physical wealth in New England in 1774 was 36.4 pounds sterling per capita. Thus, assuming a capital output ratio of 3:1, Jones estimates that per capita income in New England in 1774 equaled:
a. about 9 pounds sterling. b. about 12 pounds sterling. c. about 45 pounds sterling. d. about 145 pounds sterling.
Assume that Joe is willing to produce a hamburger for $1, and Mary is willing to pay $3 for a hamburger. Which of the following is true?
A. Joe and Mary will only trade if the equilibrium price is less than $1. B. Joe and Mary will not trade in equilibrium. C. Joe and Mary can make a mutually beneficial exchange. D. Joe and Mary cannot make a mutually beneficial exchange.
What is the length of the term of the members of the Board of Governors of the Federal Reserve System?
A. four years B. six years C. fourteen years D. life or until the member resigns