The purchase by an American firm of the right to produce a prescription drug patented in Germany best illustrates a:
A. trade flow.
B. capital flow.
C. goods and services flow.
D. technology flow.
D. technology flow.
You might also like to view...
Negative externalities are created when
A) an increase in the price of butterfat drives up the price of ice cream. B) a driver leaves his car in a parking space after the meter expires and receives a ticket. C) a driver drives recklessly on a busy highway. D) a driver pulls over to help a stranded motorist fix a flat tire.
According to economists, when two people make exactly the opposite decision
A) one of them is acting irrationally. B) each person evaluates the situation according to his/her individual self-interest. C) one of them is acting out of spite. D) one of them should compromise.
What explains differences in the economic rent charged for two plots of 500 acres of land that are used for growing corn and located in the same county of a state?
What will be an ideal response?
Most economists believe that fiscal policy is:
A. Better than monetary policy for "fine-tuning" the economy B. Better than monetary policy for month-to-month stabilization C. Not as good as monetary policy for month-to-month stabilization D. Not very good at pushing the economy in a particular direction