When a celebrity has the desire to have his image protected following his death, this is best described as an example of the protection of
A) a patent. B) intellectual property.
C) an invention. D) a trademark.
B
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In order to simplify a complex situation, economic models often treat constraints as unalterable
Indicate whether the statement is true or false
An increase in aggregate demand, say, from an increase in our exports to Canada, results in
a. deflation b. demand-pull inflation c. stagflation d. cost-push inflation e. a recession
Assume labor is the only variable input and that an additional input of labor increases total output from 72 to 78 units. If the product sells for $6 per unit in a purely competitive market, the MRP of this additional worker is:
A. $6. B. $12. C. $36. D. $72.
Describe the relationship between raising the marginal cost of crime and the quantity of crime committed. Explain the implications of this relationship as applied to property crimes
Please provide the best answer for the statement.