Intellectual property rights are difficult to protect
Indicate whether the statement is true or false
True
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
A monopoly:
a. can increase price and increase output at the same time. b. can charge any price it wants and still sell all of its output. c. can sell any output it produces provided it accepts the market price. d. must lower price in order to increase output. e. faces a perfectly elastic demand curve.
The Kahneman-Tversky value function provides a rationale for
A. car dealers offering rebates rather than a price reduction on a car. B. paying cash rather than using a credit card. C. putting several Christmas gifts in one big box for your special friend. D. requiring employees to take all their vacation days in two weeks rather than taking scattered days throughout the year.
In the poorest nations, agriculture is likely to contribute as much as ________ percent to total output.
A. 55 B. 10 C. 30 D. 85