Patent and copyright laws are major sources of
a. natural monopolies.
b. government-created monopolies.
c. resource monopolies.
d. antitrust regulation.
b
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Which of the following is closest to the future value of a $40,000 deposit earning 3 percent interest annually after 5 years?
A. $46,371 B. $41,150 C. $41,282 D. $46,021
Which of the following is in charge of U.S. aid to foreign countries?
a. International Monetary Fund (IMF) b. Agency for International Development (AID) c. New International Economic Order (NIEO) d. World Bank
When demand is perfectly elastic the entire tax burden falls on the _____.
Fill in the blank(s) with the appropriate word(s).
The infant industry argument is valid if the present value of the stream of national benefits is less than the present value of the stream of national costs.
Answer the following statement true (T) or false (F)