A patent is a government granted exclusive right to sell a product for a period of time.
Answer the following statement true (T) or false (F)
True
You might also like to view...
If a consumer's purchases of a product increases as income increases, this good is classified as a(n):
a. superior good. b. inferior good. c. substitute good. d. complementary good. e. normal good.
Figure 33-8
?
In Figure 33-8, which of the following movements illustrates the response of the economy to a stimulation of aggregate demand when workers systematically underpredict inflation?
A. C to A B. C to B C. C to D D. C to E
What does it mean when economists say that labor and capital are complementary inputs?
What will be an ideal response?
The primary emphasis in U.S. national income accounts is on
a. gross national product. b. gross domestic product. c. net national product. d. personal disposable income.