A patent
A. is both a right granted to an inventor by the government to be the exclusive seller of a good and makes a good that has recently been invented more expensive than it would otherwise be.
B. makes a good that has recently been invented more expensive than it would otherwise be.
C. is a right granted to an inventor by the government to be the exclusive seller of a good.
D. makes inventing the good less appealing.
Answer: A
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If net taxes are decreased by $500 billion, and the marginal propensity to consume is 0.80, then which of the following correctly describes the increase in real GDP that will be generated by the decrease in net taxes?
a. $2 trillion b. $1 trillion c. $500 billion d. $400 billion
Which of the following statements is most correct?
A. If the U.S. $ is depreciating relative to the euro it is likely depreciating relative to all currencies. B. If the U.S. $ is appreciating relative to the euro, the euro is likely depreciating relative to the yen. C. If the U.S. $ depreciates relative to the yen, then it is likely also depreciating relative to the euro. D. If the U.S. $ is appreciating relative to the yen, the yen is depreciating relative to the U.S. $.
Low wages and low-cost land in developing countries will not attract foreign investment in manufacturing facilities if the developing countries
A. lack well-developed infrastructure. B. permit unrestricted repatriation of profits. C. protect their central banks from political control. D. all of the options are correct.
Crowding out can weaken the effect of an expansionary fiscal deficit. Explain.
What will be an ideal response?