Suppose a trade secret's owner has successfully proven in court that an infringer has illegally used the trade secret. If the trade secret's owner has lost $10 million in profits because of the infringement and the infringer has earned $6 million in profit as a result of illegally using the trade secret, the trade secret's owner will be awarded ________.
A) $4 million
B) $10 million
C) $16 million
D) $6 million
B) $10 million
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Use the following table to answer the next question.All figures in the table below are in billions of dollars.RGDPAggregate Expenditures (Closed Economy)ExportsImports$400$440$50$60450480506050052050605505605060600600506065064050607006805060If this economy were an open economy, the equilibrium real GDP will be
A. $550 billion. B. $650 billion. C. $600 billion. D. $500 billion.
The consumption function shows how much
A) households plan to consume per year at each possible interest rate. B) real disposable income people will earn at each income tax bracket. C) households plan to consume per year at each level of real disposable income. D) households plan to consume per year at each level of savings.
Name a supply shock that has affected the U.S. economy on more than one occasion
What will be an ideal response?
Of the following items, which has the most inelastic demand?
A) food B) fruit C) apples D) Gala apples