BlueLake, Inc pays a $100,000 a month to use land for a resort. This is an example of a(n) ______.
a. factor payment
b. transfer payment
c. nonfixed payment
d. appreciation payment
a. factor payment
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An open economy is one that trades with other nations in goods and services, and perhaps also trades in financial assets.
Answer the following statement true (T) or false (F)
Which of the following is NOT correct about patents?
A) Patents encourage invention of new products. B) Patents stimulate innovation. C) A patent is a barrier to entry. D) Patents enable a firm to be a permanent monopoly. E) Patents are granted to the inventor of a product or service.
As there is a movement upward and leftward along the AD curve,
a. aggregate expenditure decreases b. the price level remains constant c. equilibrium GDP increases d. aggregate expenditure increases e. the interest rate falls
As the international value of the dollar rises, AS shifts outward and AD shifts inward
a. True b. False Indicate whether the statement is true or false