About ________ of pharmaceutical patents are issued to U.S. firms
A) 10 percent
B) one-half
C) two-thirds
D) 90 percent
Answer: C
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If the account manager finds that the current level of bank reserves is greater than the desired level indicated in the most recent directive from the FOMC, he will
A) order banks to reduce their reserves. B) order banks to raise their interest rates in an attempt to get them to loan out more of their reserves. C) conduct an open market purchase. D) conduct an open market sale.
Health care improvements often don't happen because:
A. they are too expensive to implement. B. doctors overprescribe and drive the cost of health care too high. C. health care facilities don't exist in some parts of the world. D. they are too expensive to have any significant impact.
A single-price monopolist with a positive marginal cost will maximize profit by producing where
A. demand is price inelastic. B. demand is price elastic. C. demand is unit elastic. D. Any of these may apply.
In order to practice price discrimination, a firm must be in a market such that the consumers in its market:
A. all have identical tastes. B. all have identical price elasticities of demand. C. have different price elasticities of demand. D. have the same demand for its product.