In the desire to have a celebrity's image protected to prevent it from being used in ways he would not approve, a celebrity's estate
A) will probably not be successful, since there are no laws regulating this kind of use in the United States.
B) will most likely be more successful in developing countries than in high-income countries, since property regulations are better enforced in developing countries.
C) can rely on U.S. laws that protect intellectual property rights to prevent the unauthorized use of his image.
D) will have to be granted a patent declaring the celebrity's image a new product, and this will give the estate protection for 7 years.
C
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The ________ the marginal tax rate, the ________ the expenditure multiplier
A) larger; more negative B) smaller; smaller C) larger; larger D) smaller; larger E) None of the above is correct, because the expenditure multiplier is not related to the marginal tax rate.
Which of the following correctly describes incentives?
A) Incentives refer to the maximum price that a buyer is willing to pay for a good. B) Incentives are rewards or penalties that motivate people to behave in a particular way. C) Incentives are prices that are fixed by the government and not by market forces. D) Incentives refer to the minimum price at which a seller is willing to sell a product.
Which criterion is NOT useful when evaluating a theory?
A) It has predictive power. B) It fits one's pre-conceived bias. C) It offers a model consistent with investor behavior. D) It explains actual data well.
All remedies for externalities share the goal of
a. moving the allocation of resources toward the market equilibrium. b. moving the allocation of resources toward the socially optimal equilibrium. c. increasing the allocation of resources. d. decreasing the allocation of resources.