Intellectual property rights refer to rights an owner receives through ______.
a. libraries, schools, and training sites
b. government-funded research projects
c. buildings used for research or publishing
d. patents, copyrights, and trademarks
d. patents, copyrights, and trademarks
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Which of the following influences does NOT shift the supply curve?
A) a rise in the wages paid workers who produce the good B) the development of new technology C) people deciding that they want to buy more of the product D) a decrease in the number of suppliers
In the figure below, spending $1 million on advertising increases the demand from D0 to D1. What is the marginal benefit of the advertising?
A) $90 million
B) $1 million
C) $80 million
D) None of the above answers are correct.
An example of "cream skimming" is when:
a. a firm charges the same price to all consumers, even though costs for some are higher b. a firm offers a reduced price to the best-paying customers of their competitors c. a firm offers a reduction in price on a package sale of two items d. none of these
A rise in interest rates tends to contract the economy by appreciating the currency and reducing net exports.
Answer the following statement true (T) or false (F)