One benefit of the patent system is that it encourages the production of technical knowledge
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Suppose real GDP was 120 in year 1 and 156 in year 2. The growth rate of real GDP is
A) 5.6 percent. B) 18 percent. C) 30 percent. D) 36 percent.
Suppose that for each firm in the competitive market for potatoes, long-run average cost is minimized at $0.20 per pound when 500 pounds are grown. If the long-run supply curve is horizontal, then
A) some firms will enjoy long-run profits because they operate at minimum average cost. B) the long-run price will be $0.20 per pound. C) each consumer will purchase $100 worth of potatoes. D) the long-run price will be set just above $0.20 per pound.
Government gives subsidies to encourage production of products with beneficial externalities.
Answer the following statement true (T) or false (F)
Who of the following is counted as "unemployed" by the Bureau of Labor Statistics?
a. someone working without pay for a family member's business b. someone who is absent from their job due to illness c. someone on temporary layoff d. All of the above are correct.