Why do some firms choose not to file for a patent and instead try to keep the results of their research a trade secret?
A) because firms must disclose information about the product or process being patented in a patent application
B) because a patent only gives the inventor exclusive rights to a product or process for 5 years
C) because trade secrets provide the same exclusive legal rights to a product as a patent does
D) because trade secrets are never divulged
A
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Suppose that there is an increase in expected future disposable income and simultaneously an increase in the expected profitability of investment
As a result, the equilibrium real interest rate ________ and the equilibrium quantity of loanable funds ________. A) rises; decreases B) falls; might increase, decrease, or not change C) rises; might increase, decrease, or not change D) rises; increases E) falls; increases
If you have $1,000 in an account that offers "3x" margin, you can effectively buy:
A. $1,000 worth of stocks. B. $2,000 worth of guaranteed government bonds. C. $3,000 worth of stocks. D. $3,000 worth of guaranteed government bonds.
Andy views beer and pizza as complements to one another. If the price of pizza decreases, economists would expect: a. Andy's demand for pizza to increase
b. Andy's demand for pizza to decrease. c. Andy's quantity of pizza demanded to decrease. d. Andy's demand for beer to increase.
The solar window manufacturing industry is an example of _____ because it comprises many firms wanting to sell similar but differentiated products
a. monopolistic competition b. oligopoly c. monopoly d. oligopolistic competition