Answer the following statement(s) true (T) or false (F)
In the United? States, a patent gives the inventor of a product the exclusive right to? make, use, or sell the product for 50 years.
False
-In the United? States, a patent gives the inventor of a product the exclusive right to? make, use, or sell the product for 20 years.
You might also like to view...
Federal Reserve Notes:
a. Are assets in the balance sheet of the Federal Reserve. b. Enter the economy when U.S. financial institutions demand cash from the Federal Reserve. c. Enter the banking system every time the Federal Reserve sells government securities. d. All the above are true. e. None of the above is true.
The Fed ____ bonds when it conducts an open-market purchase. This action _____ the money supply
Fill in the blank(s) with correct word
Price ceiling/ cap
What will be an ideal response?
When an economy is producing inside its production possibility frontier,
A. production inefficiency occurs. B. it is efficient so long as it is producing what people want. C. only technological advances will allow it to increase production. D. it must overcompensate by producing outside the curve to achieve efficiency.