The laws governing patents and copyrights
a. promote monopolies.
b. are intended to serve private interests, not the public's interest.
c. have costs but not benefits.
d. eliminate the need for firms to engage in research and development.
a
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Use the following table to answer the question below. Jorge's Production Possibilities SchedulePounds of Green BeansPounds of Corn03202024040160608080 0 Jorge's opportunity cost of producing 1 pound of corn is ________ pound(s) of green beans.
A. 1/4 B. 4 C. 2 D. 1
The method of determining the value of land by determining what similar properties have sold for in the recent past is called the ________
Fill in the blank(s) with correct word
If a person who does not pay for a good can be prevented from consuming it,
a. that good is said to be excludable b. that good is said to be nonexcludable c. consumption of that good creates a positive externality d. production of that good creates a negative externality e. that good is called a pure public good
Open, competitive output markets ensure that households do not end up with the wrong goods and services.
Answer the following statement true (T) or false (F)