Which of the following is TRUE of trends in the number of new U.S. patents?
A) There was a steady increase in new patents throughout the 1970s.
B) The number of new patents granted each year has remained unchanged since the early 1970s.
C) The number of new patents granted each year declined by more than 50 percent after 2001.
D) There was a surge in new patents in the latter part of the 1990s.
D
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Entrepreneurs contribute to increased average labor productivity in each of the following ways except by:
A. developing new products. B. introducing new production methods. C. assigning workers to jobs. D. implementing new technological processes.
Answer the following statement(s) true (T) or false (F)
1. According to the textbook application, CD packaging is a negative production externality. 2. At a competitive equilibrium, M? = 0, but at an efficient equilibrium MEC = 0. 3. At an efficient equilibrium, MSB = MSC, which implies that M? = MEC. 4. Property rights are the set of valid claims to a good or resource that allow its use and the transfer of ownership through a sale. 5. According to the Coase Theorem, assignment of property rights will permit bargaining that leads to an efficient solution only in the absence of externalities.
The difference between gross investment and net investment is
A) the capital stock. B) depreciation. C) the real interest rate. D) equal to saving.
In their calculation, concentration ratios take barriers to entry into a market into consideration
Indicate whether the statement is true or false