_____ allow exclusive use of an identifier, such as a brand name, and can be renewed indefinitely
a. Patents
b. Trademarks
c. Copyrights
d. Licenses
B
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Accommodating fiscal policy refers to
a. using monetary policy to prevent recessions. b. using fiscal policy to prevent recessions. c. using monetary policy to offset the negative effects of fiscal policy. d. using fiscal policy to help politicians in office.
In a principal-agent problem, if the contract implies that the more risk-averse agent will bear less risk, we can say that this contract exhibits
A) efficiency in risk-bearing. B) risk sharing is not optimal because the less risk-averse (or risk-neutral) agent should bear none of the risk. C) risk sharing is not optimal because all risk should be transferred to the most risk-averse agent. D) risk sharing is not optimal because risk-neutral agents should face no risk.
To maintain free international flows of capital and domestic monetary autonomy, in most of the world today, exchange rates are __________ . One of the major exceptions is ___________
Fill in the blank(s) with the appropriate word(s).
Investment in human capital shifts the aggregate supply curve leftward.
Answer the following statement true (T) or false (F)